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SunSirs: Potassium Chloride Prices Rose 5.04% This Week (April 5-9)

April 13 2021 12:17:35     SunSirs (John)

Price trend

As can be seen from the above chart, the comprehensive price of potassium chloride rose this week. The average price of the mainstream comprehensive quotation of potassium chloride this week rose from 2,380.00 RMB/ton at the beginning of the week to 2500.00 RMB/ton at the weekend, an increase of 5.04%. On the whole, the potassium chloride market rose this week, and the potassium chloride commodity index on April 9 was 79.37.

Analysis review

This week, the quotation of mainstream potassium chloride manufacturers rose: the ex factory quotation of Qinghai Salt Lake potassium chloride at the weekend was 2,350 RMB/ton, which was 140 RMB/ton higher than that at the beginning of the week; the distribution quotation of Anhui Badou potassium chloride at the weekend was 2,650 RMB/ton, which was 100 RMB/ton higher than that at the beginning of the week. The actual turnover of potassium chloride market this week was not good. On the whole, the main contradiction of the market was that the supply exceeds the demand, the trading atmosphere was cold, the downstream purchasing was just in demand, the overall inventory was low, the purchasing market momentum was low, and the domestic potassium chloride market was stable.

Market outlook

In mid April, the overall trend of potassium chloride market may fluctuate slightly. The market of potassium chloride is facing the pressure of three big mountains, namely, large port stock, weak demand and downward international price. Therefore, the main contradiction in the current market is that supply exceeds demand. 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 be dominated by consolidation at high prices.

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