SunSirs: The Price of Imported Potassium Chloride Fell by 2.80% This Week (March 4-10)

Price trend

The downstream market demand was sluggish, and the pressure on potassium chloride to sell had increased. This week, the domestic market price of imported potassium chloride had slightly declined. According to the Commodity Analysis System of SunSirs, the price of potassium chloride had, dropped from 2,675 RMB/ton at the beginning of the week to 2,600 RMB/ton at the end of the week, a decrease of 2.80% and a year-on-year decrease of 32.47%.

Analysis review

According to data statistics, the final price of 60% potassium in Qinghai over the weekend was around 2,700-2860 RMB/ton, with limited new transactions. The self raised price of 62% white potassium at the port was around 2,350-2,400 RMB/ton. The self delivery price of 60% Dahong particles at the port was around 2500-2600 RMB/ton. Border trade accounts for 62% of Russian white potassium at around 2300 RMB/ton. During the week, mainstream potassium chloride distributors offered a slight decrease in prices. Shandong Xinkaisheng's weekend potassium chloride distributor offered a price of 2,500 RMB/ton, a decrease of 100 RMB/ton compared to the beginning of the week. Zibo Dehe Weekend Potassium Chloride Distribution quoted 2,500 RMB/ton, which was temporarily stable compared to the beginning of the week.

From the downstream market situation of potassium chloride, the price of potassium carbonate in the market had slightly declined this week, dropping from 7,330 RMB/ton at the beginning of the week to 7,300 RMB/ton at the end of the week, a decrease of 0.41%, and a year-on-year decrease of 19.78% over the weekend. The market price of potassium nitrate slightly decreased this week, dropping from 5,112.50 RMB/ton at the beginning of the week to 5,087.50 RMB/ton over the weekend, a decrease of 0.49%. The weekend price fell 14.45% year-on-year. Overall, the downstream market for potassium chloride continued to be sluggish, with manufacturers mainly purchasing on demand.

Market outlook

In mid to late March, the overall trend of potassium chloride market may fluctuate and fall narrowly, with consolidation being the main trend. The prices of Saltlake and Zangge potassium chloride were temporarily stable, but new transactions wre limited. The downstream market for potassium chloride continued to decline, with weakened downstream demand and a focus on essential procurement. Recently, international potassium fertilizer had also shown a weak trend. SunSirs' potassium chloride analyst believes that domestic imported potassium chloride prices may slightly decline in the short term.

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