SunSirs: Market Transactions Were Weak, and the Price of Potassium Sulfate Was Falling
March 18 2024 15:38:15 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 3,343 RMB/ton, and the price of potassium sulfate with a 50% content at the end of this week was 3,326 RMB/ton, a decrease of 0.50%.
Analysis review
The domestic potassium sulfate market was mainly affected by the price of raw material potassium chloride, resulting in a decline in the price of potassium sulfate. The resource-based potassium sulfate manufacturer's equipment was operating normally, and there was temporarily no new quotation from the manufacturer. The market sales prices were inconsistent. As of March 15th, the market sales price of 52% potassium powder from SDIC Luobupo Potash was mostly between 3,200-3,500 RMB/ton, with significant price differences between high and low prices. High end users were mainly agricultural users.
The overall operating rate of downstream compound fertilizer factories was relatively high, and the situation of compound fertilizer finished products leaving the factory was slightly average. The inventory pressure inside the factory was relatively high. Faced with the continuously sluggish potassium fertilizer market, downstream factories were not actively purchasing potassium fertilizer raw materials, and the overall environment was still weak.
Market outlook
The domestic potassium fertilizer market had weak transactions, and it is expected that the domestic potassium fertilizer market prices will mainly fluctuate and weaken in the short term.
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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
- 2024-03-11 SunSirs: Transactions Were Weak and Potassium Sulfate Prices Declined
