SunSirs: Weak Transaction, Potassium Sulfate Price Dropped
April 07 2023 13:33:56 SunSirs (John)
Price trend
According to the monitoring of SunSirs, the price for 50% content potassium sulfate at the beginning of this week was 3,933 RMB/ton, and the price for 50% content potassium sulfate at the end of this week was 3,850 RMB/ton, a decrease of 2.12% in price.
Analysis review
The domestic potassium sulfate market price keeps falling, the operating rate of processing Mannheim potassium sulfate plant has not reached 50%, the overall supply of goods is sufficient, and the contradiction between supply and demand is prominent. At present, the ex factory price of 52% potassium sulfate powder from Mannheim is more than 3,700-3,900 RMB/ton, and the sales price of 52% potassium sulfate powder from SDIC is more than 3,650-3,800 RMB/ton. The actual transaction will be discussed again. The market price of 50% potassium sulfate powder from Qinghai water salt system is more than 3,500 RMB/ton, and the transaction is limited.
There has been a slight increase in domestic potassium fertilizer imports, mostly concentrated in new arrivals at ports, and the subsequent arrivals of China Europe trains are relatively limited. New sources of goods have arrived at border trade ports one after another, and the goods are mostly shipped to other regions, with a clear interweaving of spot goods in each region.
Market outlook
Although the price corresponding to the big contract in India is not consistent with the domestic market price, the signing of the high price contract may have a certain stabilizing effect on the domestic market. It is expected that the domestic potash fertilizer price will be dominated by weak consolidation trend.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
- 2024-05-07 SunSirs: Supply Was Adequate and the Price of Potassium Sulfate Declined
- 2024-04-22 SunSirs: Adequate Supply Led to a Decline in the Price of Potassium Sulfate
- 2024-04-16 SunSirs: The Spring Market for Compound Fertilizers Was Nearing Its End, with Prices Slightly Decreasing
- 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
