SunSirs: Supply Was Adequate and the Price of Potassium Sulfate Declined
May 07 2024 09:51:23 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 month was 3,250 RMB/ton, and the price of potassium sulfate with a 50% content at the end of this month was 3,176 RMB/ton, a decrease of 2.26%.
Analysis review
In April, the domestic potassium sulfate price showed a downward trend, with weak market demand and overall insufficient transactions. As of April 29th, the ex factory price of 52% Mannheim potassium sulfate powder was mostly between 3,050-3,300 RMB/ton, and the price in the southern market was higher than that in the northern market, with transaction negotiations being the main focus. The operating rate of resource-based potassium sulfate manufacturers was relatively normal, and there had been a delay in the maintenance of the SIDC Luobupo potassium plant. With the policy of monthly settlement, the market price for 52% powder sales was mostly between 3,150-3,350 RMB/ton, and the market price for 50% potassium sulfate powder in the Qinghai water salt system was mostly between 2,800-2,850 RMB/ton. The transaction volume was negotiable
The total supply of goods in the domestic potassium fertilizer market was still at a relatively high level, and the overall trading volume in the market was slightly light. The Northeast region was basically at an end, with rapid sales and no return of goods. Other regions mainly relied on local market demand for procurement.
Market outlook
The domestic potassium fertilizer market had sufficient supply, and it is expected that the domestic potassium fertilizer market prices will mainly fluctuate and weaken in the short term.
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- 2024-04-15 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
