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

Price trend

According to the commodity market analysis system of SunSirs, this week the industrial grade first-class potassium nitrate in Shanxi was priced at 5,475 RMB/ton, an increase of 0.92% month on month, and the price had dropped by 6.81% year-on-year.

Analysis review

This week, the domestic potassium nitrate market had been volatile and consolidating. From the above chart, it can be seen that after a continuous slight increase in the potassium nitrate market, the market had remained basically stable this week. Domestic potassium manufacturers had sufficient supply, border trade sources had slightly increased, and prices had fallen. The potassium nitrate market was trading coldly, with average transactions and market consolidation. According to the statistics of SunSirs, the mainstream domestic potassium nitrate manufacturers quoted 5,200-5,500 RMB/ton this week (for reference only), and the prices may vary 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 nitrate will mainly decline in the short term, while the long-term market still needs to wait and see.

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