SunSirs: The Potassium Carbonate Market Was Consolidating This Week (December 4-8)

Price trend

According to the commodity market analysis system of SunSirs, the mainstream ex factory price of Shanxi light potassium carbonate, including tax, was 7,550.00 RMB/ton this week. The price has increased by 0.67% compared to the previous month, and the price had decreased by 18.16% year-on-year.

Analysis review

The price of potassium carbonate had stabilized this week. From the above chart, it can be seen that the potassium carbonate market mainly fluctuated slightly in the past three months, and the market remained stable this week. The available supply of potassium chloride in the cost side market was limited, and the price of potassium chloride in the market was fluctuating and consolidating. Downstream demand remained low, and the potassium carbonate market was consolidating. According to statistics from SunSirs, the mainstream ex factory quotation range for industrial grade potassium carbonate in China this week was around 7,300-7,500 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: of the port's large red particles potassium chloride with a content of 60% were priced at around 3,000-3,150 RMB/ton, and the border trade's Russian white potassium chloride with a content of 62% was priced at around 2,850 RMB/ton, with prices temporarily stable. The domestic potassium chloride market had a large supply of imported goods, and it is expected that the potassium chloride market will be weak and consolidate in the future.

Market outlook

Recently, domestic potassium chloride prices had fallen, and cost support had been poor. Downstream procurement was maintained on demand, and it is expected that the price of potassium carbonate will mainly decline in the short term, while the long-term market still needs to wait and see.

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