SunSirs: Potassium Carbonate Market Fell This Week (August 7-11)

Price trend

According to the Commodity Market Analysis System of SunSirs, at the beginning of the week, the average ex factory tax price of Shanxi's light potassium carbonate was 7,220.00 RMB/ton. On the weekend, the average ex factory tax price of Shanxi's light potassium carbonate was 7,100.00 RMB/ton, a decrease of 1.66%. The price decreased by 6.23% month on month and decreased by 27.37% year-on-year.

Analysis review

Potassium carbonate prices had fallen this week. From the above chart, it can be seen that the potassium carbonate market mainly declined in the past three months, and this week the market continued to slightly decline. The market price of potassium chloride on the cost side had stabilized. Downstream demand was poor, transactions in the potassium carbonate market were light, potassium carbonate inventory was high, and the market continued to decline. According to statistics from SunSirs, the mainstream factories quotation range for industrial grade potassium carbonate in China this week was around 6,700-7,000 RMB/ton (for reference only), and the quotation varied depending on the procurement situation.

Recently, the prices of mainstream domestic potassium chloride manufacturers had fluctuated and fallen: on August 11th, the distribution price of potassium chloride by Anhui Badou Chemical Co., Ltd. was around 2,520 RMB/ton. In mid August, the overall trend of potassium chloride market may fluctuate and decline in a narrow range, with consolidation being the main trend. The prices of potassium chloride in Salt lakes and Zangge had stabilized at low levels. The downstream market of potassium chloride had slightly declined, and downstream demand had weakened, with procurement mainly based on demand. Potassium chloride analysts from SunSirs believe that domestic potassium chloride import prices may slightly decline in the short term.

Market outlook

Recently, the domestic potassium chloride market was poor, and the news of border trade orders had not been confirmed. Downstream procurement remained in demand, and it is expected that the price of potassium carbonate will mainly decline in the short term, while the long-term market still needs to wait and see.

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