SunSirs: Lack of Favorable Support, Potassium Sulfate Price Was Weak
July 25 2023 11:32:50 SunSirs (John)
Price trend
According to the monitoring of the commodity market analysis system of SunSirs, at the beginning of this week, the price of 50% potassium sulfate was 3,300 RMB/ton, and at the end of this week, the price of 50% potassium sulfate was 3,266 RMB/ton, down 1.01%.
Analysis review
The operating rate of Mannheim potassium sulfate enterprises reached 50%, and the sulfuric acid market shipped according to orders. As of July 21st, the ex factory price of Mannheim potassium sulfate 52% powder was mostly 3,050-3,200 RMB/ton, and the price in the southern market was slightly lower. Recent orders in the north were OK, basically waiting for about a week, and the supply of goods was slightly tight.
In the case of low nitrogen and phosphorus prices, most downstream composite fertilizer factories purchased at the bottom, but although the price of potassium fertilizer raw materials was at a low level, in the short term, in the case of large supply, the factory's raw material procurement was still cautious and basically maintained the on-demand procurement model.
Market outlook
The overall demand for potassium sulfate is light, and the market price is expected to be mainly volatile and weaker.
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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
