SunSirs: The Market of Potassium Nitrate in Shanxi Fell in March

Price trend

According to data monitored by SunSirs, at the beginning of the month, Shanxi's industrial grade first class potassium nitrate was quoted at 5,940.00 RMB/ton, while at the end of the month, Shanxi's industrial grade first class potassium nitrate was quoted at 5,725.00 RMB/ton, a decrease of 3.62%. The price decreased by 18.79% year-on-year.

Analysis review

In March, the domestic potassium nitrate market fell. From the figure above, it can be seen that the potassium nitrate market has been fluctuating and falling for three consecutive months since 2023, and the market continues to decline this month. The raw material potassium chloride market has declined, with poor cost support. The potassium nitrate market has seen a light turnover and a decline in the market. According to statistics from SunSirs, the mainstream domestic potassium nitrate manufacturers have recently quoted 5,500-5,900 RMB/ton (for reference only), which varied depending on the procurement situation.

In March, the quotations of mainstream domestic potassium chloride manufacturers fluctuated and fell: as of the 30th, the market sales price of domestic potassium chloride 60% crystal was about 3,200-3,500 RMB/ton. In terms of imported potassium, the price of imported 62% white potassium was mostly 3,300-3,500 RMB/ton, and the price of large particle red potassium was 3,500-3,600 RMB/ton. Border trade had seen the arrival of white potassium in succession, and the supply and sales of goods were slightly difficult. The surrounding manufacturers mainly purchased on demand, and the demand had significantly decreased. The price of 62% white potassium at ports was mostly 3,100-3,150 RMB/ton.

Market outlook

As of the 30th, the domestic potash fertilizer market was in a weak downward trend, with poor cost support. It is expected that the price of potassium nitrate will mainly decline in the short term, while the long-term market still needs to wait and see.

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