SunSirs: Trading Was Light, and the Price of Potassium Sulfate Fell
May 06 2023 11:11:28 SunSirs (John)
Price trend
According to the monitoring of the Commodity Market Analysis System of SunSirs, the price of 50% potassium sulfate at the beginning of this week was 3,716 RMB/ton, while the price of 50% potassium sulfate at the end of this week was 3,700 RMB/ton, a decrease of 0.45% in price.
Analysis review
SDIC Lop Nur Potash Plant mainly delivered orders in the early stage, and the market traders had different sales prices, and the transaction was relatively slow. On the 5th, the market price of 52% powdered potassium sulfate of Lop Nur Potash Plant was mostly 3,600-3,800 RMB/ton, and the deal was negotiable. The manufacturer will carry out summer maintenance in late May. From the perspective of supply of goods, the supply of goods was large, but demand follow-up was insufficient.
The supply of goods in the domestic potassium fertilizer market was still increasing, and there were still about 500,000 tons of imported potassium from ports in the bonded zone. The available supply of goods at ports was relatively concentrated, mostly in the hands of large traders. The production of domestic potassium manufacturers' devices is normal, and there are new sources of goods arriving in various regions.
Market outlook
As of the 5th day, the market was mostly wait-and-see, and the market price is expected to be dominated by weak consolidation trend.
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- 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
