SunSirs: Orders Were limited, and the Price of Potassium Sulfate Fell
January 26 2024 14:43:09 SunSirs (John)
Price trend
According to the monitoring of the commodity market analysis system of SunSirs, the price of potassium sulfate with a 50% content at the beginning of this week was 3,483 RMB/ton, and the price of potassium sulfate with a 50% content at the end of this week was 3,466 RMB/ton, a decrease of 0.48%.
Analysis review
The domestic potassium sulfate market price has declined, and the processing type Mannheim potassium sulfate is greatly affected by the raw material potassium chloride. In the case of a decrease in potassium chloride price, the price of Mannheim potassium sulfate has correspondingly decreased. The operating rate of Mannheim potassium sulfate manufacturers has always maintained a high level, and the preliminary orders have been basically executed. With limited new orders, sales pressure continues to increase, At present, the ex factory price of 52% Mannheim potassium sulfate powder is mostly between 3,200-3,600 RMB/ton. The price in the southern market is slightly higher than that in the northern market, but actual transactions are mainly negotiated, and the price of outsourcing orders varies.
The operating rate of downstream compound fertilizer factories has been continuously decreasing recently, and most factories have already planned to enter the Spring Festival holiday ahead of schedule. Small orders for small amounts of raw materials are mainly supplemented, and the operation is relatively cautious. The finished product inventory pressure of compound fertilizer factories is high, and raw material procurement is not active.
Market outlook
The domestic potassium fertilizer market prices continue to decline, and it is expected that in the short term, the domestic potassium fertilizer market prices may experience a weak downward trend.
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- 2024-04-22 SunSirs: Adequate Supply Led to a Decline in the Price of Potassium Sulfate
- 2024-04-16 SunSirs: The Spring Market for Compound Fertilizers Was Nearing Its End, with Prices Slightly Decreasing
- 2024-04-15 SunSirs: Adequate Supply of Goods, the Price of Potassium Sulfate Declined
- 2024-04-02 SunSirs: Affected by Costs, the Price of Potassium Sulfate Had Fallen
- 2024-03-18 SunSirs: Market Transactions Were Weak, and the Price of Potassium Sulfate Was Falling
