Price trend

According to the monitoring of the Commodity Market Analysis System of SunSirs, the price of 50% potassium sulfate at the beginning of this week was 3,683 RMB/ton, and the price of 50% potassium sulfate at the end of this week was 3,466 RMB/ton, a decrease of 5.88% in price.

Analysis review

The price of potassium sulfate in the domestic market declined, mainly because the price of raw potassium chloride declined, thus affecting the sales price of potassium sulfate. On the 19th, the ex factory price of 50% powder potassium Mannheim sulfate was mostly at 3,100-3,200 RMB/ton, and  of the ex factory price 52% powder potassium Mannheim sulfate was mostly at 3,200-3,500 RMB/ton. The price of the southern market was still higher than that of the northern market, but in the case of obvious differences, some of the northern sources of goods were still supplied to the southern market.

The overall trend of domestic compound fertilizer factories was stable, with operating rates maintained at around 40%. In addition, with factories mainly producing high nitrogen fertilizers recently, the procurement of potassium fertilizer raw materials was not active, and the prices of raw materials were unstable. Therefore, procurement was mainly based on demand.

Market outlook

The domestic potash fertilizer market is still in a weak downward state, without good support. The market price is expected to be dominated by weak consolidation trend.

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