SunSirs: Potassium Carbonate Market Fell This Week (October 7-13)

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 7,550.00 RMB/ton. On the weekend, the average ex factory tax price of Shanxi's light potassium carbonate was 7,530.00 RMB/ton, a decrease of 0.26%. The price had decreased by 1.05% month on month, and the price had decreased by 19.03% year-on-year.

Analysis review

Potassium carbonate prices fell this week. From the above chart, it can be seen that the potassium carbonate market mainly experienced a slight decline in the past two months, and this week the market continued to decline slightly. The market price of potassium chloride on the cost side had declined, with poor cost support. Downstream demand maintained just in demand procurement, while transactions in the potassium carbonate market were light 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 fluctuated slightly: on October 13th, the distribution price of potassium chloride by Zibo Dehe Chemical Co., Ltd. was around 3,000 RMB/ton. The trend of potassium chloride market may fluctuate and decline slightly, with consolidation being the main trend. The prices of potassium chloride in Saltlake and Zangge were temporarily stable, and the market situation was average. Downstream agricultural demand weakened, industrial demand was average, and potassium chloride prices may fluctuate and fall in the future.

Market outlook

Recently, the domestic market price of potassium chloride had continued to decline, with the price of 62% white potassium chloride at ports mostly ranging from 2,750 to 2,800 RMB/ton. It is expected that the price of potassium carbonate will mainly decline in the short term, and the long-term market still needs to wait and see.

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