SunSirs: The Potassium Nitrate Market Fell This Week (January 8-12)

Price trend

According to the commodity market analysis system of SunSirs, the first grade industrial potassium nitrate in Shanxi was reported at 5,375 RMB/ton at the beginning of the week, and at 5,325 RMB/ton at the end of the week, a decrease of 0.93% and a month on month decrease of 2.74%. The price haddropped by 9.94% year-on-year.

Analysis review

This week, the domestic potassium nitrate market had declined, and it can be seen from the above chart that the recent potassium nitrate market had mainly experienced slight fluctuations, and the market had continued to decline slightly this week. The market price of raw material potassium chloride had declined, with poor cost support. Downstream demand generally maintained rigid procurement, and potassium nitrate manufacturers dispatched orders for shipment, resulting in a weak price decline. According to statistics from SunSirs, the mainstream domestic potassium nitrate manufacturers quoted 5,100-5,300 RMB/ton this week (for reference only), and the prices varied depending on the procurement situation.

Recently, the domestic market for potassium chloride and potassium chloride had declined. The prices of potassium chloride in Saltlake and Zangge were temporarily stable. The downstream market of potassium chloride had slightly declined, and downstream demand had weakened, with rigid demand procurement being the main focus. The circulation of potassium chloride was tight, and the supply of goods at the port had slightly increased. SunSirs' potassium chloride analyst believes that domestic potassium chloride import prices may slightly decline in the short term.

Market outlook

Recently, the domestic potassium fertilizer market had been weakly consolidating, with poor cost support and weak downstream procurement. It is expected that the potassium carbonate market will mainly experience a slight decline in the short term, and the long-term market still needs to be watched.

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