SunSirs: Supply Was Relatively Tight, the Price of Potassium Sulfate Rose
August 29 2023 14:10:35 SunSirs (John)
Price trend
According to the monitoring of the Commodity Market Analysis System of SunSirs, the price of potassium sulfate with a 50% content at the beginning of this week was 3,316 RMB/ton, and the price of potassium sulfate with a 50% content at the end of this week was 3,333 RMB/ton, an increase of 0.50% in price.
Analysis review
The domestic market price of potassium sulfate also continued to rise with the price of potassium chloride, and the number of inquiries for granular potassium sulfate in the northern market had significantly increased. As of August 25th, Mannheim potassium sulfate manufacturers had a large number of pending orders in the early stage, and some factories had accepted orders until mid to late September. As of August 25th, the factory price of 50% Mannheim potassium sulfate powder was mostly between 3,250 and 3,400 RMB/ton, and the factory price of 52% Mannheim potassium sulfate powder was mostly between 3,400 and 3,600 RMB/ton.
The overall supply of domestic potassium fertilizer sources was relatively tight, raw material prices continued to rise and nitrogen fertilizer prices fluctuated. The procurement of raw materials by downstream compound fertilizer factories was slightly difficult, and most factories maintained a "purchases when use it " model for potassium fertilizer, with cautious factory operations.
Market outlook
The domestic potassium fertilizer market is facing tight supply, and it is expected that the market price will mainly show a slight upward trend.
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- 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
- 2024-03-18 SunSirs: Market Transactions Were Weak, and the Price of Potassium Sulfate Was Falling
