SunSirs: Potassium Carbonate Market Rose This Week (September 1-8)

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 7,410.00 RMB/ton. On the weekend, the average ex factory tax price of Shanxi's light potassium carbonate was 7,570.00 RMB/ton, an increase of 2.16%. The price increased by 5.43% month on month, and the current price decreased by 20.11% compared to the previous year.

Analysis review

The price of potassium carbonate increased this week. From the data from SunSirs, it can be seen that the potassium carbonate market had mainly risen in the past month, and the market continued to rise this week. The market price of potassium chloride on the cost side had increased, and cost support was good. Downstream procurement remained on demand, transactions in the potassium carbonate market were acceptable, and potassium carbonate manufacturers were shipping normally, with a slight upward trend in the market. According to statistics from SunSirs, the mainstream factory quotation range for industrial grade potassium carbonate in China this week was around 7,300-7,700 RMB/ton (for reference only), and the quotation varied depending on the procurement situation.

Recently, the prices of mainstream potassium chloride of domestic manufacturers had fluctuated and increased: on September 8th, the distribution price of potassium chloride of Zibo Dehe Chemical Co., Ltd. was around 3,100 RMB/ton, the prices remained stable temporarily and the actual transaction price wass mainly negotiated. On September 8th, Shandong Xinkaisheng Chemical Technology Co., Ltd. sold potassium chloride at a price of around 3,000 RMB/ton. Analysts from SunSirs believe that domestic potassium chloride imported prices may slightly increase in the short term.

Market outlook

Recently, the market price of domestic 60% crystal potassium chloride was mostly between 2,700-2,750 RMB/ton, and new sources of border trade were gradually opening up. Downstream procurement remained in demand, and it is expected that the price of potassium carbonate will mainly rise in the short term, while the long-term market still needs to wait and see.

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