SunSirs: Potassium Carbonate Market Fell This Week (December 12-15)

Price trend

According to the data monitored by SunSirs, the average ex factory tax inclusive price of light potassium carbonate in Shanxi at the beginning of the week was 9,225.00 RMB/ton, and the average ex factory tax inclusive price of light potassium carbonate in Shanxi at the weekend was 9,175.00 RMB/ton, down 0.54%. The price rose by 0.14% month on month and rose 12.81% year on year.

Analysis review

Potassium carbonate prices fell this week. It can be seen from the above figure that the potassium carbonate market was choppy and consolidated recently, and the market has declined slightly this week. The supply of domestic potassium manufacturers was normal, and the market price of potassium chloride fluctuated and consolidated. Border trade orders had not yet been fully determined. Downstream procurement remained just in demand. The market turnover was light, and the potassium carbonate market dropped. According to the statistics of SunSirs, the quotation range of domestic industrial grade potassium carbonate mainstream factory this week was about 9,000-9,300 RMB/ton (the quotation is for reference only), which varied according to the procurement situation.

Recently, the quotation of domestic mainstream potassium chloride manufacturers was stable with small fluctuations. The potash fertilizer market fluctuated slightly. It was reported that new orders for border trade maight been signed, but the specific amount had not been determined. 62% white potassium at Yingkou Port was quoted at 3,700-3,750 RMB/ton, 62% white potassium at Zhanjiang Port was 3,680-3,700 RMB/ton, and 62% white potassium at Fangcheng Port was 3,680-3,700 RMB/ton.

Market outlook

Recently, the potassium chloride market was consolidated at a high level, and the cost support was fair. The demand of downstream factories was average. It is expected that the price of potassium carbonate will fall mainly in the short term, and the long-term market still needs to wait and see.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com