SunSirs: Potassium Nitrate Market Fluctuated and Consolidated This Week (January 2-6)

Price trend

According to the data monitored by SunSirs, this week, Shanxi's industrial grade first grade potassium nitrate was quoted at 6,425.00 RMB/ton, which was stable. The current price rose 1.57% year on year.

Analysis review

This week, the domestic potassium nitrate market was stable. According to the data from SunSirs, 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 was consolidated. The supply of goods was mostly concentrated in the hands of large traders, and the downstream maintained just in need of procurement. The market turnover was flat, and the potassium nitrate market was consolidated at a low level. According to the statistics of SunSirs, the quotation of domestic mainstream potassium nitrate manufacturers this week was 5,600-5,900 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 price this week was 3,850.00 RMB/ton. As of June 6, the sales price of 60% of domestic potassium crystals was mostly 3,520-3,600 RMB/ton. 57% of the price of Qinghai small factories was 3,200-3,300 RMB/ton, 62% of the price of Russian white potassium in border trade areas was 3,500-3,550 RMB/ton, 62% of the price of port white potassium was 3,680-3,750 RMB/ton, the price of large granules was 3,850-3,900 RMB/ton, and 60% of the price of red powder was 3,800-3,850 RMB/ton.

Market outlook

Recently, the domestic potash fertilizer market has been consolidated, the Spring Festival is approaching, and the market turnover is light. It is expected that the price of potassium nitrate will fall mainly in the short term, while 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