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SunSirs: The Price of Imported Potassium Chloride Temporarily Stabilized This Week (January 14-20)

January 29 2023 14:26:01     SunSirs (John)

Price trend

It can be seen from the above figure that the domestic market of imported potassium chloride this week was temporarily stable, with the price of 3,850.00 RMB/ton. The arrival price of domestic SaltLake potassium chloride this week was 3,500-3,600 RMB/ton. The port stock was about 2.5 million tons.

The commodity index of potassium chloride (import) on January 27 was 101.32, which was the same as previous day, down 30.00% from the highest point of 144.74 points (2022-06-21) in the cycle, and up 4.77% from the lowest point of 96.71 points on September 16, 2021. (Note: the period refers to the period from September 1, 2021 to now)

Analysis review

This week, the quotation of domestic potassium chloride mainstream manufacturers was temporarily stable: the arrival price of 60% potassium chloride of Qinghai SaltLake was 3,500-3,600 RMB/ton. Xiangyang Youdeshi offered 3,800 RMB/ton of potassium chloride at the end of this week, which was temporarily stable compared with last weekend. Zibo Dehe offered 4,000 RMB/ton for potassium chloride distribution at the end of this week, which was temporarily stable compared with that at the end of last week. At the end of this week, Anhui Badou offered 3,750 RMB/ton of potassium chloride, which was temporarily stable compared with last weekend. The port's 62% white potassium self-delivered price was about 3,700-3,800 RMB/ton. The self-raised price of 60% Dahong granules at the port was about 3,800-4,000 RMB/ton. 62% of Russian white potassium in border trade was about 3,500 RMB/ton.

From the perspective of the downstream market of potassium chloride, the ex-factory price of potassium carbonate was low and consolidated this week, and the price was 9,100.00 RMB/ton, up 10.08% year-on-year. This week, the ex-factory price of potassium nitrate consolidated at a low level, with a price of 5,912.50 RMB/ton, down 2.00% from the same period last year. On the whole, the downstream market of potassium chloride was low and consolidated, and the demand of downstream customers for potassium chloride was weakened.

Market outlook

The overall trend of potassium chloride market in mid-February and early February may fall in shock in a narrow range, mainly consolidated. The prices of potassium chloride in Saltlake and Zangger were low. The downstream market of potassium chloride was low an consolidated, and the downstream demand was weakened, and the purchase was mainly on demand. International potash fertilizer prices continued to fall. Analysts of Potassium chloride from SunSirs believe that the price of domestic imported Potassium chloride may fall slightly in shock in the short term.

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

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