SunSir: Shanxi Potassium Carbonate Market Declined in June

Price trend

According to the Commodity Market Analysis System of SunSirs, in early June, the average factory tax inclusive price of Shanxi's light potassium carbonate was 8,180.00 RMB/ton. At the end of the month, the average factory tax inclusive price of Shanxi's light potassium carbonate was 7,780.00 RMB/ton, a decrease of 4.89%. The price decreased by 23.16% compared to last year.

Analysis review

The price of potassium carbonate fell in June. From the above chart, it can be seen that the potassium carbonate market has been declining for three consecutive months recently. The overall market of raw material potassium chloride was volatile and low, and the cost support was poor. The downstream maintained procurement on demand. Potassium carbonate manufacturers had a bearish mentality and the market was declining. According to statistics from SunSirs, the mainstream factory quotation range for industrial grade potassium carbonate was around 7,300-7,800 RMB/ton recently (for reference only), and the quotation varied depending on the procurement situation.

According to the commodity analysis system of SunSirs, the overall market of potassium chloride in June was in a volatile downward trend. On June 27, the distribution price of potassium chloride of Zibo Dehe Chemical Co., Ltd. was about 2,700 RMB/ton. Recently, the international market demand for potassium chloride was insufficient, and the price showed a downward trend. The domestic spot market of potassium chloride was in general trading, and the price of potassium chloride fell slightly in shock. The market of potassium chloride is expected to consolidate at a low level in the future.

Market outlook

As of the 27th, the overall supply of imported potassium was sufficient, with poor cost support. Downstream purchasing was cautious, and it is expected that the price of potassium carbonate will mainly decline in the short term. The long-term market still needs to wait and see.

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