SunSirs: Potassium Carbonate Market Was Volatile and Consolidated This Week (11.11-11.15)
November 16 2019 13:46:19 SunSirs (John)
Price trend
According to the data monitoring of SunSirs, the price of potassium carbonate fluctuated and consolidated this week. The average factory price of light potassium carbonate in China at the weekend was 6425.00 RMB/ton, including tax. The current price fell 7.05% year on year.
Analysis review
Product: At present, the market for potassium carbonate market is dominated by consolidation. The price of potassium chloride in the upstream raw material has no support for the price of potassium carbonate. The market for potassium carbonate is relatively stable. At the same time, the demand side is weak, the price increase is suppressed, and the price adjustment is not large. Some of the manufacturers' equipments were shut down for maintenance, and the low-volume purchasing market momentum was general, and the quotation was mainly consolidated. According to business statistics: in November, the domestic industrial grade potassium carbonate mainstream factory price range is around 6200-6500 RMB/ton (quote is for reference only), according to the purchase situation, the quotation is different.
Market outlook
Potassium carbonate analysts of the business association believe that the trading atmosphere of potassium carbonate market is cold and difficult to close. In the short term, the price of potassium carbonate may be mainly consolidation, and the long-term market still needs to wait and see, mainly affected by the demand side.
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