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

Price trend

According to the data monitored by SunSirs, the price of industrial grade first grade potassium nitrate in Shanxi was 6,162.50 RMB/ton at the beginning of the week, and 6,075.00 RMB/ton at the weekend, down 1.42%, and up 4.29% year on year.

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. Recently, domestic potassium manufacturers have sufficient inventory supply, and the market remains weak and stable. Downstream demand is poor, purchasing is cautious, potassium nitrate shipment is not smooth, and the market is down. According to the statistics of SunSirs, the domestic mainstream potassium nitrate manufacturers quoted 5,900-6,300 RMB/ton of potassium nitrate this week (the quotation was for reference only), and the quotation 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 nitrate will fall mainly in the short term, while the long-term market still needs to wait and see.

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