SunSirs: The Potassium Carbonate Market Had Risen This Week (April 15-19)

Price trend

According to the commodity market analysis system of SunSirs, the average ex factory price of Shanxi light potassium carbonate, including tax, was 7,250.00 RMB/ton at the beginning of the week. On the weekend, the average ex factory price of Shanxi light potassium carbonate, including tax, was 7,260.00 RMB/ton, an increase of 0.14%. The price had decreased by 0.55% month on month, and had dropped by 17.12% year-on-year.

Analysis review

The price of potassium carbonate had increased this week. From the above chart, it can be seen that the potassium carbonate market had been mainly volatile and consolidating in the past three months, with a slight decline this week. The domestic market price of potassium chloride continued to rise, with good cost support. Downstream maintained purchases on demand, and potassium carbonate manufacturers were arranging orders for shipment, resulting in a volatile upward trend in the market. According to statistics from SunSirs, the mainstream ex factory quotation range for industrial grade potassium carbonate in China this week was around 7,200-7,300 RMB/ton (for reference only), and the quotation varied depending on the procurement situation.

The domestic potassium chloride market had generally seen an increase of 50-100 RMB/ton this week. In terms of imports, the price of 60% potassium chloride was mostly between 2,200-2,500 RMB/ton. Due to the low arrival volume in April, the domestic market performance was tight, and the price was trending upwards. However, downstream factories generally had a resistance to price increases, and the peak season for spring plowing procurement was gradually coming to an end. Most enterprises had already replenished their inventory in the early stage, and the demand for compound fertilizer manufacturers was decreasing.

Market outlook

Recently, the domestic potassium chloride market had been at a high level, with strong cost support. It is expected that the potassium carbonate market will mainly rise in the short term. The long-term market still needs to be watched.

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