SunSirs: Potassium Nitrate Market Fell This Week (September 18-22)

Price trend

According to the Commodity Market Analysis System of SunSirs, the industrial grade first class potassium nitrate in Shanxi was quoted at 5,600 RMB/ton at the beginning of the week, while the industrial grade first class potassium nitrate in Shanxi was quoted at 5,550 RMB/ton at the end of the week, a decrease of 0.89% and a month on month increase of 5.71%. The price had decreased by 15.27% compared to last year.

Analysis review

The domestic potassium nitrate market declined this week, and it can be seen from the data from SunSirs that the recent potassium nitrate market mainly experienced slight fluctuations, and the market had continued to decline slightly this week. The market price of potassium chloride on the cost side stabilized, and downstream demand was average. The trading atmosphere in the potassium nitrate market was light, and prices had decreased. According to statistics from SunSirs, mainstream domestic manufacturers of potassium nitrate quoted 5,300-5,500 RMB/ton this week (for reference only), and the prices varied depending on the procurement situation.

Recently, the prices of mainstream domestic potassium chloride manufacturers had fluctuated slightly: on September 22, the distribution price of potassium chloride by Zibo Dehe Chemical Co., Ltd. was around 3,100 RMB/ton. 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, and procurement was mainly base on demang. Analysts from SunSirs believe that domestic imported potassium chloride prices may slightly increase in the short term.

Market outlook

Recently, the domestic supply of potassium chloride was relatively concentrated, and the market was relatively stable. Downstream procurement was maintained just in needed, and it is expected that the price of potassium nitrate will mainly rise in the short term, while the long-term market still needs to wait and see.

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