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SunSirs: The Market of Imported Potassium Chloride Temporarily Stabilized This Week (November 13-19)

November 22 2023 11:03:02     SunSirs (John)

Price trend

According to the Commodity Analysis System of SunSirs, the domestic market for imported potassium chloride had temporarily stabilized this week, with the price of potassium chloride at 3,062.50 RMB/ton, a year-on-year decrease of 16.86%.

On November 20th, the potassium chloride (imported) commodity index was 97.22 points, unchanged from the previous day, a decrease of 44.32% from the cycle's highest point of 174.60 points (2022-06-21), and an increase of 66.90% from the lowest point of 58.25 points on August 6th, 2020. (Note: The cycle refers to the period from March 1st, 2012 to present)

Analysis review

The prices of mainstream domestic potassium chloride distributors are temporarily stable this week: Anhui Badou’s Weekend Potassium Chloride Distribution Quotation was 2,950 RMB/ton, which was temporarily stable compared to the beginning of the week. Zibo Dehe's weekend potassium chloride distribution quotation was 3,100 RMB/ton, which was temporarily stable compared to the beginning of the week. Shandong Xinkaisheng's weekend potassium chloride distribution quotation was 3,000 RMB/ton, which was temporarily stable compared to the beginning of the week. Zibo Zhongsheng's weekend potassium chloride distribution quotation was 3,200 RMB/ton, which was temporarily stable compared to the beginning of the week. The arrival price of 60% white potassium in Qinghai was around 2,800-2,850 RMB/ton, and the self raised price of 62% white potassium in ports is around 2,950-3,000 RMB/ton. The self raised price of 60% Dahong granules at the port was around 3,000-3,150 RMB/ton. Border trade accounted for 62% of Russian white potassium at around 2,800-2,900 RMB/ton.

From the downstream market situation of potassium chloride, the price of potassium carbonate in the market had slightly increased this week, from 7,500.00 RMB/ton at the beginning of the week to 7,520.00 RMB/ton at the weekend, an increase of 0.27%, and the weekend price had decreased by 18.04% year-on-year. The market price of potassium nitrate slightly increased this week, rising from 5,425.00 RMB/ton at the beginning of the week to 5,437.50 RMB/ton at the weekend, an increase of 0.23%. The weekend price fell by 7.05% year-on-year. Overall, the downstream market for potassium chloride had slightly increased, and downstream customers' demand for potassium chloride had increased.

Market outlook

In late November, the overall trend of potassium chloride market may fluctuate and rise in a narrow range, with consolidation being the main trend. The prices of potassium chloride in Saltlakes and Zangge were temporarily stable. The downstream market of potassium chloride had slightly increased, and downstream demand had increased, with procurement mainly 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 imported potassium chloride prices may slightly increase in the short term.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.

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