SunSirs: Deal Was Weak, and the Price of Potassium Sulfate Fell

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 3,933 RMB/ton, down 0.42%.

Analysis review

The domestic potassium sulfate market was weak, and some regions were also affected by the continuous downward trend of potassium chloride price. However, due to the fact that the quantity of arrivals at various regions of the source of potassium sulfate of SDIC Luo was still small, and some downstream factories were purchasing and supplementing the source of potassium sulfate of Mannheim, so the manufacturers had successively completed orders, but most of them were small orders, which supported the current market price of potassium sulfate. The ex-factory price of 52% of domestic Mannheim potassium sulfate powder was mostly 3,900-4,000 RMB/ton, and the price of granular potassium sulfate was mostly 4,000-4,050 RMB/ton in the northeast market. The actual transaction price was mainly negotiated. The degree of the by-product hydrochloric acid hanging upside down in different regions was different, and some Mannheim potassium sulfate plants were still in a loss state.

The commencement of the main downstream compound fertilizer plants in China was generally acceptable, but most of them were based on the order production in the early stage, and the production of high-nitrogen fertilizer in summer would be carried out in succession. The demand for raw materials of potash fertilizer was relatively limited, and under the current situation, the purchase of manufacturers was mainly based on demand.

Market outlook

The domestic potash fertilizer market lacks positive support and is expected to be in a weak consolidation state.

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