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SunSirs: Potassium Chloride Prices Temporarily Stabilized This Week (March 15-19)

March 23 2021 13:46:21     SunSirs (John)

Price trend

It can be seen from the above chart that the comprehensive price of potassium chloride temporarily stabilized this week. The average price of the mainstream comprehensive quotation of potassium chloride this week was 2,250 RMB/ton. On the whole, the potassium chloride market was temporarily stable this week, and the potassium chloride commodity index on March 19 was 71.43.

Analysis review

The quotations of mainstream manufacturers of potassium chloride were temporarily stable this week: the weekend ex-factory price of potassium chloride in Qinghai Salt Lake was 2,100 RMB/ton, compared with the beginning of the week, the quotation was temporarily stable; Anhui Badou potassium chloride's weekend sales offer was 2,400 RMB/ton. Compared with the beginning of the week, the quotations were 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 and the trading atmosphere was deserted. Downstream procurement wa mainly based on rigid demand, the overall inventory was low, and the purchasing market momentum was low. Domestic potassium chloride market maintained stability.

Market outlook

In late March, 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, the port stock is large, the demand is weak, and the international price is falling. Therefore, the main contradiction in the current market is that supply exceeds demand. The Potassium Chloride Analyst of SunSirs believes that the potassium chloride market will mainly consolidate at a high level under the influence of supply and demand and raw materials in the short term.

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