SunSirs: Potassium Carbonate Market Held Steady This Week (April 20-24)
April 26 2020 13:18:34 SunSirs (John)
Price trend
According to the bulk data monitoring of SunSirs, this week the domestic light potassium carbonate mainstream ex-factory tax price was 6,325.00 RMB/ton, the price was stable, and the current price fell by 7.50% year-on-year.
Analysis review
Product: This week, the market of potassium carbonate remained stable, and the production of domestic raw material potassium chloride in the upstream raw materials was normal. The major manufacturers still maintained the previous guarantee policy, and actual transaction orders in various regions were discussed. There was no support for the price of potassium carbonate. This week, the market of potassium carbonate weakened downwards. In general, the trading atmosphere of the potassium carbonate market was general, the actual transaction volume in the market was relatively general, and the downstream purchases were replenished at a low price. The domestic potassium carbonate market fluctuated and consolidated. According to the statistics of SunSIrs: This week, the domestic factory-grade potassium carbonate mainstream quotation range is around 6,100-6,500 RMB/ton (the quotation is for reference only), and the quotation is different according to the purchase situation.
Market outlook
Analysts of potassium carbonate form SunSirs believe that the domestic potash fertilizer market has remained stable recently, and it is expected that the weakness of potassium carbonate prices will be mainly consolidated in the short term, and the long-term market still needs to wait and see.
If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.
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