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SunSirs: Potassium Chloride Prices Fell This Week (February 1-5)

February 10 2021 09:49:40     SunSirs (John)

Price trend

As can be seen from the above chart, the comprehensive price of potassium chloride fell this week. The average price of the mainstream comprehensive quotation of potassium chloride this week dropped from 2,175.00 RMB/ton at the beginning of the week to 2,140.00 RMB/ton at the weekend, a decrease of 1.61%. Overall, the potassium chloride market fell this week, and the potassium chloride commodity index on February 5 was 67.94.

Analysis review

The quotations of mainstream manufacturers of potassium chloride dropped this week: the weekend ex-factory price of potassium chloride in Qinghai Yanhu was 2,050 RMB/ton, compared with the beginning of the week, the quotation was temporarily stable; Anhui Badou potassium chloride's weekend sales quotation was 2,230 RMB/ton, compared with the beginning of the week, the quotation dropped by 70 RMB/ton. 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, and overall inventory was low. The market momentum was low, and the domestic potassium chloride market remained stable.

Market outlook

In mid-February, the overall trend of the 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 Analyst of SunSirs believes 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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