SunSirs: Potassium Carbonate Market Fell This Week (October 17-20)

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 9,300.00 RMB/ton, and the average ex factory tax inclusive price of light potassium carbonate in Shanxi at the weekend was 9,276.00 RMB/ton, down 0.27%, and the price rose 16.30% 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 fluctuated slightly recently, and the market continued to decline slightly this week. Recently, the domestic potassium manufacturers started to operate more units than in the early stage, and the inventory in the plant was sufficient. The downstream demand was not good, and maintained just needed purchases. The trading volume of potassium carbonate market was light, and the market fluctuated and fell. 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. As of 20th, the sales price of domestic potassium in the market was about 3,550-3,800 RMB/ton (down 50 RMB/ton). The price of 57% of the powder in Qinghai small factories was 3,400-3,600 RMB/ton, and the price of 62% of Russian white potassium in border trade areas was mostly 3,500-3,600 RMB/ton. The price of 62% white potassium at the port was mostly 3,700-4,000 RMB/ton. The price of large particles at the port was mostly 3,750-3,850 RMB/ton, and the price of 60% red powder was 3,750-3,850 RMB/ton.

Market outlook

Recently, the domestic supply of potash fertilizer is abundant, and the port supplies have been arriving at the port successively. The inventory pressure is relatively large. 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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