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SunSirs: Potassium Chloride Prices Rose This Week (December 7-11)

December 15 2020 14:07:06     SunSirs (John)

Price trend

As can be seen from the above chart, the comprehensive price of potassium chloride was temporarily stable this week. The average price of the mainstream comprehensive quotation of potassium chloride this week was 2,160 RMB/ton. On the whole, the potassium chloride market was temporarily stable this week, and the potassium chloride commodity index on December 11 was 68.57.

Analysis review

The quotation from mainstream manufacturers of potassium chloride is temporarily stable this week: the weekend ex-factory price of potassium chloride in Qinghai Salt Lake was 2,020 RMB/ton. Compared with the beginning of the week, the quotation was temporarily stable. The weekend distribution quotation of Anhui Badou potassium chloride was 2,300 RMB/ton. Compared with the beginning of the week, the quotation was temporarily stable. The actual transaction in the potassium chloride market this week was not good. On the whole, the main contradiction in the market was oversupply, the trading atmosphere was deserted, downstream procurement was mainly demanded, the overall inventory was low, the purchasing market momentum was low, and the domestic potassium chloride market maintained stability.

Market outlook

In mid-December, the overall trend of potassium chloride market may fluctuate slightly. The potassium chloride market is currently facing the oppression of three mountains, that is, large port stocks, weak demand and decline in international prices. Therefore, the main contradiction in the current market is that supply exceeds demand. The potassium chloride analysts of SunSirs believe that in the short term, under the influence of supply and demand and raw materials, the potassium chloride market may consolidate at a high level.

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