SunSirs: Demand Weakened and Potassium Sulfate Price Was Stable
January 09 2023 10:39:16 SunSirs (John)
Price trend
According to the monitoring of SunSirs, the price of potassium sulfate content 50 at the beginning of this week was 3,950 RMB/ton, and the price of potassium sulfate content 50 at the end of this week was 3,950 RMB/ton, which was stable.
Analysis review
There was no significant change in domestic potassium sulfate price. In the latest quotation of SDIC after the New Year's Day, the arrival price of 52% powdered potassium sulfate was mostly 3,800 RMB/ton, but the price of agricultural potassium sulfate in some regions was slightly higher, and the traders' sales were different, which was mainly discussed separately. The price of potassium sulfate in Qinghai's water salt system was mostly low, and it was mainly sold according to the market. The arrival price of 50% of the powder was about 3,600 RMB/ton. The quotation of processing Mannheim potassium sulfate was firm, but the by-product hydrochloric acid in most regions was severely inverted, and the manufacturer's sales were still in a loss state.
The operating rate of downstream compound fertilizer plants decreased slightly, and large plants maintained relatively stable operation for the time being. However, some small and medium-sized enterprises began to reduce production in succession, and the market logistics and transportation personnel were slightly insufficient. In this case, most of the plants supplemented raw materials mainly with nitrogen fertilizer, and the demand for potassium fertilizer was relatively limited.
Market outlook
The domestic potash fertilizer market as a whole is in a weak consolidation operation. With the weakening of demand, the operability of insiders slows down. It is expected that the future market will be dominated by shocks and weak trends.
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- 2024-04-15 SunSirs: Adequate Supply of Goods, the Price of Potassium Sulfate Declined
- 2024-04-02 SunSirs: Affected by Costs, the Price of Potassium Sulfate Had Fallen
- 2024-03-18 SunSirs: Market Transactions Were Weak, and the Price of Potassium Sulfate Was Falling
