SunSirs: The Market for Potassium Carbonate in Shanxi Rose in September

Price trend

According to the Commodity Market Analysis System of SunSirs, at the beginning of the month, the average ex factory tax price of Shanxi's light potassium carbonate was 74,10.00 RMB/ton. At the end of the month, 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 had decreased by 18.82% compared to last year.

Analysis review

The price of potassium carbonate increased in September. From the data from SunSirs, it can be seen that the potassium carbonate market had been mainly rising since mid to late August, and the market continued to rise this month. The raw material potassium chloride fluctuated and increased, with good cost support. Potassium carbonate followed the cost increase, and the market continued to rise. According to statistics from SunSirs, the mainstream factory quotation range for industrial grade potassium carbonate was around 7,300-7,700 RMB/ton recently (for reference only), and the quotation varied depending on the procurement situation.

According to the Commodity Analysis System of SunSirs, the overall trend of potassium chloride market in September was fluctuating and rising. As of the end of the month, Shandong Xinkaisheng Chemical Technology Co., Ltd. sold potassium chloride at a price of around 2,800 RMB/ton. The prices of potassium chloride in Saltlake and Zangge increased, and the market atmosphere was good. The downstream market of potassium chloride had slightly increased, and downstream demand had increased, with procurement mainly on demand. Analysts from SunSirs believe that domestic potassium chloride import prices may slightly increase in the short term.

Market outlook

As of September 26th, the domestic potassium chloride market had a tight supply of circulating goods, with expectations of higher potassium chloride prices and better cost support. It is expected that the price of potassium carbonate will mainly rise in the short term, and the long-term market still needs to wait and see.

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