SunSirs: Supply Was Tight, and the Price of Potassium Sulfate Rose
November 13 2023 11:08:58 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, and the price of 50% potassium sulfate at the end of this week was 3,450 RMB/ton, with a price increase of 0.49%.
Analysis review
The domestic potassium sulfate market price had increased, and the production of resource-based potassium sulfate manufacturers was relatively normal. Recently, the inventory in the factory was low, and the market supply and arrival volume were tight. Some regional traders had limited available sales. As of November 10, the 52% powder market sales price of SDIC Xinjiang Luobupo Potash was mostly between 3,600-3,650 RMB/ton, and the market price of Qinghai Water Salt 50% powder potassium sulfate was mostly between 3,500-3,550 RMB/ton. The actual transaction price was mainly negotiated.
The overall supply of goods in the domestic potassium fertilizer market was relatively sufficient, with most of the goods concentrated in the hands of large traders, and the low price goods circulating in the market were relatively limited. The new sources of border trade goods will be gradually cleared in the later stage, and the arrival volume of the China Europe train was still increasing, with different sales prices at different stations.
Market outlook
The supply of goods is tight, and it is expected that the domestic potassium fertilizer market prices may fluctuate upward slightly in the short term.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
- 2024-04-22 SunSirs: Adequate Supply Led to a Decline in the Price of Potassium Sulfate
- 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
- 2024-04-02 SunSirs: Affected by Costs, the Price of Potassium Sulfate Had Fallen
- 2024-03-18 SunSirs: Market Transactions Were Weak, and the Price of Potassium Sulfate Was Falling
