SunSirs: Weak Demand, the Price of Potassium Sulfate Had Dropped
October 24 2023 09:50:19 SunSirs (John)
Price trend
According to the monitoring of the Commodity Market Analysis System of SunSirs, the price of 50% potassium sulfate at the beginning of this week was 3,433 RMB/ton, while the price of 50% potassium sulfate at the end of this week was 3,416 RMB/ton, a decrease of 0.49%.
Analysis review
The domestic potassium sulfate market price continued to decline, and the price decline in the northern market was significant, basically forming a state of high at both ends and low in the middle. The production rate of processing type Mannheim potassium sulfate manufacturers is relatively high. As of October 20th, the factory price of 52% Mannheim potassium sulfate powder was between 3,200-3,600 RMB/ton. Driven by agricultural demand, the potassium sulfate market price in the southern market was significantly higher than that in the northern market, and actual transactions were mainly negotiated based on real orders.
The autumn market had ended, and the winter storage market h started slightly slowly. In the early stage of the market, there was basically no obvious purchasing intention, and the downstream factory equipment operating rate was relatively low. With the rebound trend of raw material prices, the mentality of market participants had slightly changed, and the enthusiasm for inquiries had increased compared to the previous period.
Market outlook
With the continuous concentration of goods and the release of positive news, market inquiries had improved, and it is expected that in the short term, the domestic potassium fertilizer market prices may be mainly volatile and stronger.
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- 2024-04-16 SunSirs: The Spring Market for Compound Fertilizers Was Nearing Its End, with Prices Slightly Decreasing
- 2024-04-15 SunSirs: Adequate Supply of Goods, the Price of Potassium Sulfate Declined
