SunSirs: The Market of Potassium Carbonate in Shanxi Fell in October

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 month was 9,375.00 RMB/ton, and the average ex factory tax inclusive price of light potassium carbonate in Shanxi at the end of the month was 9,275.00 RMB/ton, down 1.33%, and the price rose 15.99% year on year.

Analysis review

The price of potassium carbonate decreased slightly in October. It can be seen from the above figure that the potassium carbonate market has fallen for four consecutive months recently. The supply of domestic potassium manufacturers was normal, the market was surrounded by bad news, and the confidence was insufficient. The port stock was piled up and the shipment speed was slow. Downstream procurement remained just on demand, the market transaction was relatively cold, and the potassium carbonate market fell in shock. According to the statistics of SunSirs, the recent ex factory quotation range of industrial grade potassium carbonate mainstream was about 9,000-9,300 RMB/ton (the quotation is for reference only), which varied according to the procurement situation.

The domestic market of imported potassium chloride fell in October. On the 27th, the selling price of domestic potassium in the market was mostly 3,550-3,800 RMB/ton. The price of 57% powder in Qinghai small factories was 3,400-3,600 RMB/ton, and the price of 62% Russian white potassium in border trade areas was 3,550-3,650 RMB/ton (down 50 RMB/ton). The price of 62% white potassium at the port was mostly 3,650-3,900 RMB/ton (down 50 RMB/ton at the low end). The price of large particles at the port was mostly 3,750-3,850 RMB/ton, and the price of 60% red powder was 3,800-3,850 RMB/ton.

Market outlook

At present, the domestic potash fertilizer market has a flat trend, with large domestic and port supply. 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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