SunSirs: The Market Demand Was Good, and the Price of Potassium Sulfate Rose
December 05 2022 11:23:21 SunSirs (John)
Price trend
According to the monitoring of SunSirs, the price of potassium sulfate (content 50%) at the beginning of this week was 3,833 RMB/ton, and the price of potassium sulfate(content 50%) at the end of this week was 3,883 RMB/ton, up 1.30%.
Analysis review
The price of potassium sulfate in China kept rising. Supported by raw materials and costs, the market price of potassium sulfate has generally increased by 50-100 RMB/ton. The ex factory price of 52% of processed Mannheim powder potassium sulfate was mostly 3,850-3,950 RMB/ton, and the price of granular potassium sulfate was mostly 3,900-4,050 RMB/ton. Granular potassium sulfate was hard to find. The production of resource potassium sulfate was acceptable. The market price of 52% of SDIC's potassium sulfate powder was about 3,800 RMB/ton, and the manufacturer's quotation was relatively high. The actual order would be discussed again.
The operating rate of downstream plants was increasing, and the price of potash fertilizer market continued to increase. Under the influence of the mentality of buying up rather than buying down, most small and medium-sized traders had successively built positions. The demand side had a certain support, focusing on the downstream market transactions.
Market outlook
At present, the market demand is slightly supported, but the future market lacks positive support. It is expected that the potash fertilizer market will be dominated by shock consolidation trend in the later period..
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- 2024-04-15 SunSirs: Adequate Supply of Goods, the Price of Potassium Sulfate Declined
- 2024-04-02 SunSirs: Affected by Costs, the Price of Potassium Sulfate Had Fallen
- 2024-03-18 SunSirs: Market Transactions Were Weak, and the Price of Potassium Sulfate Was Falling
- 2024-03-11 SunSirs: Transactions Were Weak and Potassium Sulfate Prices Declined
