SunSirs: Potassium Carbonate Market Fell This Week (October 08-13)

Price trend

According to the data monitored by SunSirs, the average ex factory tax inclusive price of light potassium carbonate in Shanxi at the beginning of the week was 9,375.00 RMB/ton, and the average ex factory tax inclusive price of light potassium carbonate in Shanxi at the weekend was 9,300.00 RMB/ton, down 0.80%, and the current price rose 17.35% year on year.

Analysis review

The price of potassium carbonate fell this week. It can be seen from the above figure that the potassium carbonate market has been declining in recent one month, and the market continued to decline slightly this week. Recently, the domestic potassium chloride market price fluctuated and consolidated, and the supply of imported potassium was sufficient, most of which were concentrated in the hands of large traders. The devices of domestic manufacturers were under normal operation and were being shipped in succession. The downstream maintained poor demand, the market transaction was light, and the potassium carbonate market fell in shock. According to the statistics of SunSirs, the quotation range of domestic industrial grade potassium carbonate mainstream factory this week was about 9,100-9,300 RMB/ton (the quotation was for reference only), which 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 as a whole had no great positive support, and the cost support was poor. It is expected that the price of potassium carbonate will fall mainly in the short term, and the long-term market still needs to wait and see.

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