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

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 7,610.00 RMB/ton. On the weekend, the average ex factory tax price of Shanxi's light potassium carbonate was 7,590.00 RMB/ton, a decrease of 0.26%. The price had increased by 6.60% month on month, and the price had decreased by 18.61% year-on-year.

Analysis review

The price of potassium carbonate fell this week. From the data from SunSirs, it can be seen that the potassium carbonate market had fluctuated slightly in the past month, and this week the market continued to decline slightly. The market price of potassium chloride on the cost side 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 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 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 demand. 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 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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