SunSirs: Potassium Nitrate Market Was Volatile and Consolidated This Week (11.11-11.15)
November 16 2019 13:45:23 SunSirs (John)
Price trend
According to the data monitoring of SunSirs, the price of domestic potassium nitrate fluctuated and consolidated this week. This week, the price of domestic industrial grade first-class potassium nitrate was 4337.50 RMB/ton, and the current price was 5.45% lower than last year.
Analysis review
Product: This week, the domestic market price of potassium nitrate was mainly stable, mainly affected by the slight decline of upstream raw material nitric acid, which did not play a certain supporting role in the price of potassium nitrate. In addition, the overall demand of downstream is general, the inventory is relatively sufficient, the rising power is insufficient, and the price is mainly stable. This week, the price change is not big. The domestic mainstream potassium nitrate manufacturers offer 4200-4500 RMB/ton.
Market outlook
Potassium nitrate analysts of SunSirs think: the recent market of potassium nitrate is mainly consolidated, but the demand side procurement is general, and it is expected that the demand for potassium nitrate will not be greatly improved in the short term, and the market may be consolidated and operated.
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