SunSirs: Potassium Carbonate Market Fell This Week (October 31-November 4)

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 9,250.00 RMB/ton, and the average ex factory tax inclusive price of light potassium carbonate in Shanxi at the weekend was 9,237.50 RMB/ton, down 0.14%, and the current price rose 14.75% 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 recently, and this week the market continued to decline slightly. Recently, domestic potassium manufacturers have sufficient inventory supply, and the market remains weak and stable. The downstream demand is not good, and the purchase is maintained just on demand. The trading is cautious. The trading in the potash market is light, and the market is volatile to fall. According to the statistics of SunSirs, the quotation range of domestic industrial grade potassium carbonate mainstream factory this week was about 9,000-9,300 RMB/ton (the quotation is for reference only), which varied according to the procurement situation.

Recently, the domestic market price of imported potassium chloride fell, the market transaction was slow, and the demand support was insufficient. At present, the sales price of 60% of domestic potassium crystals in the market is mostly 3,500-3,800 RMB/ton. 57% of the price of Qinghai small factories is 3,300-3,500 RMB/ton, and 62% of the price of Russian white potassium in border trade areas is 3,450-3,550 RMB/ton. The price of 62% white potassium at the port is mostly 3,650-3,850 RMB/ton. The price of port large particles is mostly 3,600-3,700 RMB/ton, and the price of 60% red powder is 3,800-3,850 RMB/ton.

Market outlook

In the near future, the overall trend of domestic potash fertilizer market is weak, and the cost support is poor. It is expected that the price of potassium carbonate will fall mainly in the short term, while the long-term market still needs to wait and see.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.