SunSirs: Potassium Carbonate Market Rose This Week (November 1-9)

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 7,440.00 RMB/ton. On the weekend, the average ex factory tax price of Shanxi's light potassium carbonate was 7,500.00 RMB/ton, an increase of 0.81%. The current price decreased by 0.66% month on month, and the price had decreased by 18.14% year-on-year.

Analysis review

The price of potassium carbonate had increased this week. From the above chart, it can be seen that the potassium carbonate market has fluctuated slightly in the past two months, with a slight upward trend this week. Recently, the domestic potassium chloride market had been on the rise, with reasonable cost support. Downstream procurement remained in high demand, and manufacturers shipped according to orders. The market had slightly increased. 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 and increased: the prices of Saltlake and Zangge potassium chloride had temporarily stabilized. The downstream market of potassium chloride had slightly increased, and downstream demand had increased, with procurement mainly being based on demand. The circulation of potassium chloride was tight, and the supply of goods at the port had slightly increased. In the short term, the import price of domestic potassium chloride may slightly increase.

Market outlook

Recently, the domestic potassium chloride market was on the rise. As of November 9th, the price of imported 62% white potassium chloride was mostly between 2,930-2,980 RMB/ton, and downstream purchases were still in demand. 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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