SunSirs: The Potassium Carbonate Market Rose This Week (November 17-24)

Price trend

According to the commodity market analysis system of SunSirs, the average ex factory price of Shanxi light potassium carbonate, including tax, was 7,520.00 RMB/ton at the beginning of the week. On the weekend, the average ex factory price of Shanxi light potassium carbonate, including tax, was 7,530.00 RMB/ton, an increase of 0.13%. The price had increased by 0.53% month on month, and had dropped by 18.37% year-on-year.

Analysis review

The price of potassium carbonate increased this week. From the above chart, it can be seen that the potassium carbonate market had mainly risen in the past month, and this week's market continued to rise slightly. In recent times, the domestic potassium fertilizer market has seen high and strong prices, with good cost support. The supply of goods was mostly in the hands of traders, and the market circulation of goods was limited, with a slight upward trend in the market. According to statistics from SunSirs, the mainstream ex factory quotation range for industrial grade potassium carbonate in China this week was around 7,350-7,700 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: as of November 24th, the market price of domestic 60% crystals potassium chloride was mostly between 2,820-2,850 RMB/ton. Supply was tight, and Potassium Chloride analysts from SunSirs believe that domestic potassium chloride import prices may slightly increase in the short term.

Market outlook

In recent times, the domestic potassium fertilizer market had been mainly volatile and consolidating, and new policies from domestic manufacturers were still being discussed. It is expected that the price of potassium carbonate will mainly rise in the short term, and the long-term market still needs to be wait-and-see.

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