SunSirs: Potassium Carbonate Market Rose This Week (November 10-17)

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 7,500.00 RMB/ton. On the weekend, the average ex factory tax price of Shanxi's light potassium carbonate was 7,520.00 RMB/ton, an increase of 0.27%. The price had increased by 0.13% month on month, and the current price has decreased by 18.04% 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 had been mainly rising in the past month, with a slight upward trend this week. Recently, the domestic potassium fertilizer market had seen a slight increase in prices, with good cost support. Downstream procurement had maintained a strong demand, and potassium carbonate manufacturers had shipped according to orders. The market trading atmosphere was positive, and 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 consolidated: the prices of Saltlake and Zangge potassium chloride temporarily stabilized. 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

Recently, the domestic potassium fertilizer market had been on the rise, with limited supply of goods in the market. The port price of imported 62% white potassium chloride was basically 2,950-2,980 RMB/ton. It is expected that the price of potassium carbonate will mainly increase in the short term, and the long-term market still needs to wait and see.

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