SunSirs: The Price of Imported Potassium Chloride Increased by 2.54% This Week (September 4-10)

Price trend

According to the Commodity Analysis System of SunSirs, the domestic market for imported potassium chloride had slightly increased this week, with prices rising from 2,950.00 RMB/ton at the beginning of the week to 3,025.00 RMB/ton at the end of the week, an increase of 2.54%.

On September 11th, the potassium chloride (imported) commodity index was 96.03 points, unchanged from the previous day, a decrease of 45.00% from the cycle's highest point of 174.60 points (2022-06-21), and an increase of 64.86% from the lowest point of 58.25 points on August 6th, 2020. (Note: The cycle refers to the period from March 1st, 2012 to present)

Analysis review

This week, the quotations of mainstream domestic potassium chloride distributors had slightly increased: Xiangyang Youdeshi's weekend potassium chloride distribution price was 3,000 RMB/ton, an increase of 300 RMB/ton compared to the beginning of the week. Zibo Dehe's weekend potassium chloride distribution quotation was 3,100 RMB/ton, which was temporarily stable compared to the beginning of the week. Anhui Badou’s weekend potassium chloride distribution quotation was 3,000 RMB/ton, which was temporarily stable compared to the beginning of the week. Shandong Xinkaisheng's weekend potassium chloride distribution quotation was 3000 RMB/ton, which was temporarily stable compared to the beginning of the week. The arrival price of 60% white potassium chloride in Qinghai was around 2,750 RMB/ton, and the self delivered price of 62% white potassium chloride in ports was around 2,900-3,000 RMB/ton. The self delivered price of 60% bright red granules potassium chloride at the port was around 3,000-3,100 RMB/ton. Border trade accounted for 62% of Russian white potassium chloride at around 2,900 RMB/ton.

From the downstream market situation of potassium chloride, the price of potassium carbonate in the market increased slightly this week, from 7,450.00 RMB/ton at the beginning of the week to 7,590.00 RMB/ton at the weekend, an increase of 1.88%, and the weekend price decreased by 19.89% year-on-year. The market price of potassium nitrate slightly increased this week, rising from 5,450.00 RMB/ton at the beginning of the week to 5,600.00 RMB/ton at the weekend, an increase of 2.75%. The weekend price was decreased by 17.65% year-on-year. Overall, the downstream market for potassium chloride had slightly increased, and downstream customers had a good demand for potassium chloride.

Market outlook

In mid to late September, the overall trend of potassium chloride market may fluctuate and rise in a narrow range, with consolidation being the main trend. The prices of potassium chloride in Saltlake and Zangge had increased, and the market atmosphere was good. The downstream market of potassium chloride had slightly increased, and downstream demand had increased, with procurement mainly based on demand. Analysts from SunSirs believe that domestic imported potassium chloride prices may slightly increase in the short term.

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