SunSirs: This Week's Potassium Nitrate Market Fluctuated and Consolidated (October 08-13)

Price trend

According to the data monitored by SunSirs, this week, Shanxi's industrial grade first grade potassium nitrate was quoted at 6,425.00 RMB/ton, a year-on-year increase of 18.43%.

Analysis review

This week, the domestic potassium nitrate market was in shock and consolidation. It can be seen from the figure above that the potassium nitrate market declined in the past two months, and this week the market continued to fall. The domestic market price of potassium chloride was consolidated, the supply of imported potassium was sufficient, and there were successively arrivals to ports. The devices of domestic manufacturers were under normal operation and were being shipped in succession. The downstream maintained the procurement just on demand, the market transaction was average, and the potassium nitrate market was basically stable. According to the statistics of SunSirs, this week, the domestic mainstream potassium nitrate manufacturers quoted 6,200-6,500 RMB/ton (the quotation was for reference only), and the quotation varied according to the procurement situation.

Recently, the domestic market price of imported potassium chloride was stable. On October 13, the distribution price of potassium chloride of Anhui Badou Chemical Co., Ltd. was about 3,800 RMB/ton, the quotation was temporarily stable, and the actual transaction price was mainly negotiated. Recently, the supply of imported potassium chloride was relatively sufficient, and the port still had new supply of goods in succession. The spot market of potassium chloride in China was commonly traded, and the price of potassium chloride fell slightly. It is expected that the potassium chloride market will consolidate at a low level in the future.

Market outlook

Recently, the domestic potash fertilizer market was weak, and the cost support was poor. It is expected that the price of potassium nitrate will fall mainly in the short term, and the long-term market still needs to wait and see.

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