SunSirs: Potassium Carbonate Market Fell This Week (December 19-22)

Price trend

According to the data monitored by SunSirs, the average ex factory tax inclusive price of light potassium carbonate in Shanxi was 9,175.00 RMB/ton at the beginning of the week, and 9,100.00 RMB/ton at the weekend, down 0.82%. The current price fell 0.82% month on month, and the current price rose 11.43% year on year.

Analysis review

Potassium carbonate prices fell this week. It can be seen from the above figure that the potassium carbonate market has declined in shocks recently, and the market continued to fall slightly this week. The supply of domestic potassium manufacturers was normal, the market price of potassium chloride was volatile and consolidated, the cost support was average, the downstream procurement remained just in demand, the market transaction was light, and the potassium carbonate manufacturers reduced their quotation for shipment. According to the statistics of SunSirs, the quotation range of domestic industrial grade potassium carbonate of mainstream factories this week was about 9,000-9,300 RMB/ton (the quotation was for reference only), which varied according to the procurement situation.

Recently, the quotation of domestic mainstream potassium chloride manufacturers was stable. The sales price of 60% domestic potassium crystal was mostly 3,520-3,600 RMB/ton. The price of 57% powder of Qinghai small factories was 3,200-3,300 RMB/ton, and the price of 62% Russian white potassium in border trade areas was 3,600-3,650 RMB/ton. The price of 62% white potassium at the port was mostly 3,680-3,750 RMB/ton. The price of large particles was mostly 3,850-3,900 RMB/ton, and the price of 60% red powder was 3,800-3,850 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.

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