SunSirs: Shanxi Potassium Carbonate Market Declined in October

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 7,550.00 RMB/ton. At the end of the month, the average ex factory tax price of Shanxi's light potassium carbonate was 7,420.00 RMB/ton, a decrease of 1.72%. The current price had decreased by 19.78% compared to last year.

Analysis review

The price of potassium carbonate fell in October. From the above chart, it can be seen that the potassium carbonate market had been declining for two consecutive months recently, and the market had continued to decline this month. The overall market of raw potassium chloride fluctuated at a low level, cost support was poor, downstream operating rate was poor, and trading volume in the potassium carbonate market was light, and the market declined continuously. According to statistics from SunSirs, the mainstream factory quotation range for industrial grade potassium carbonate was around 7,300-7,500 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 market for potassium chloride in October showed a trend of first falling and then rising. The prices of potassium chloride in Saltlake and Zangge were temporarily stable. The downstream market of potassium chloride had slightly declined, and downstream demand had weakened, and the procurement was mainly based on demand. The circulation of potassium chloride was tight, and the supply of goods at the port had slightly increased. Analysts from SunSirs believe that domestic potassium chloride import prices may slightly increase in the short term.

Market outlook

As of October 27th, the circulation of goods in the domestic potassium chloride market was limited, and there was an expectation that potassium chloride would rise, with good 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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