SunSirs: The Potassium Carbonate Market Fluctuated Slightly This Week (March 18-22)

Price trend

According to the commodity market analysis system of the SunSirs, the mainstream ex factory price of Shanxi light potassium carbonate, including tax, was 7,300.00 RMB/ton at the beginning of the week. On the weekend, the mainstream ex factory price of Shanxi light potassium carbonate, including tax, was 7,310.00 RMB/ton, an increase of 0.14%. The price had decreased by 0.41% month-on-montht, and the c price had dropped by 19.32% year-on-year.

Analysis review

The price of potassium carbonate has stabilized this week. From the above chart, it can be seen that the potassium carbonate market had mainly fluctuated slightly in the past three months, and the market has remained stable this week. Recently, the price of potassium chloride in the market has slowly declined, with 60% of the crystal price ranging from 2,100 to 2,390 RMB/ton, resulting in weak cost support and slight fluctuations in the potassium carbonate market. According to statistics from SunSirs, the mainstream ex factory quotation range for industrial grade potassium carbonate in China this week was around 7,150-7,300 RMB/ton (for reference only), and the quotation varied depending on the procurement situation.

Recently, the prices of mainstream domestic potassium chloride manufacturers had fluctuated and, with 62% of the port's white chloride potassium self increasing prices at around 2,300 RMB/ton. The self delivered price of 60% bright red particles potassium chloride at the port was around 2,400-25,00 RMB/ton. Border trade accounted for 62% of Russian white potassium chloride at around 2,200 RMB/ton. SunSirs' potassium chloride analyst believes that domestic potassium chloride import prices may slightly decline in the short term.

Market outlook

In recent times, the domestic potassium fertilizer market had shown a weak trend, with significant pressure on traders to source and sell goods, resulting in slightly slower shipments. It is expected that the price of potassium carbonate will mainly decline in the short term, and the long-term market still needs to be wait-and-see.

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