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

Price trend

According to the data monitored by SunSirs, the first grade industrial potassium nitrate in Shanxi was 5,875.00 RMB/ton at the beginning of the week, and 5,850.00 RMB/ton at the weekend, down 0.43%. The price fell 0.85% year on year.

Analysis review

The domestic potassium nitrate market fell this week. From the figure above, we can see that the recent potassium nitrate market fluctuated slightly. This week, the market was volatile and consolidated. 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, and downstream procurement remained just in demand. The market turnover was light, and the potassium nitrate market was declining. According to the statistics of SunSirs, the domestic mainstream potassium nitrate manufacturers quoted 5,600-5,900 RMB/ton of potassium nitrate this week (the quotation was for reference only), and the quotation 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 has been consolidated at a high level, and the cost support is fair. The demand of downstream factories is average. It is expected that the price of potassium nitrate will fall mainly in the short term, and the long-term market still needs to wait and see.

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