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SunSirs: Potassium Chloride Prices Temporarily Stabilized This Week (April 19-23)

April 26 2021 17:29:49     SunSirs (John)

Price trend

According to the monitoring data of SunSirs, it can be seen 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 2,500.00 RMB/ton. On the whole, the potassium chloride market was temporarily stable this week, and the potassium chloride commodity index on April 23 was 79.37.

Analysis review  

The quotation from mainstream manufacturers of potassium chloride was temporarily stable this week: the weekend ex-factory price of potassium chloride in Qinghai Salt Lake was 2,350 RMB/ton, compared with the beginning of the week, the quotation was temporarily stable; the weekend distribution quotation of Anhui Badou potassium chloride was 2,650 RMB/ton, and 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, the downstream procurement was mainly demanded, the overall inventory was low, the purchasing market momentum was low, and the domestic potassium chloride market maintain stability.

Market outlook

In late April, 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 in the short term, the potassium chloride market will mainly consolidate at a high level under the influence of supply and demand and raw materials.

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