SunSirs: The Potassium Nitrate Market Fell This Week (March 1-8)

Price trend

According to the commodity market analysis system of SunSirs, at the beginning of the week, Shanxi's industrial grade first-class potassium nitrate was quoted at 5,112.50 RMB/ton, and over the weekend, Shanxi's industrial grade first-class potassium nitrate was quoted at 5,087.50 RMB/ton, a decrease of 0.49%, a month on month decrease of 1.69%, and the price had dropped by 14.35% 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 potassium chloride market was slowly declining, with poor cost support, and transactions in the potassium nitrate market were lackluster. Traders mainly shipped at low prices, and the price of potassium nitrate continued to decline. According to statistics from SunSirs, the mainstream domestic manufacturers of potassium nitrate quoted 4,800-5,000 RMB/ton this week (for reference only), and the prices varied depending on the procurement situation.

Recently, the domestic market for potassium chloride had declined. The domestic potassium chloride market was in a slow downward trend, with traders mainly shipping at low prices, and port shipments were still acceptable. As of March 8th, the price of 62% white chloride potassium was mostly around 2,350 RMB/ton, and the price of white powder potassium chloride was slightly higher than that of crystals. In mid to early March, the trend of potassium chloride market may fluctuate slightly and fall, with consolidation being the main trend. The prices of potassium chloride in Saltlake and Zangge were temporarily stable, and the market situation was average. Downstream agricultural demand was average, industrial demand weakened, and the price of potassium chloride may fluctuate and fall in the future.

Market outlook

Recently, the domestic potassium chloride market had been fluctuating at a low level, with poor cost support. It is expected that the potassium nitrate market will mainly experience a slight decline in the short term. The long-term market still needs to be watched.

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