Price trend

According to the Commodity Analysis System of SunSirs, the domestic market for imported potassium chloride fluctuated narrowly this week, with a price of 2,637.50 RMB/ton.

On August 21, the potassium chloride (imported) commodity index was 85.32 points, an increase of 1.59 points compared to the previous day, a decrease of 51.13% from the highest point of 174.60 points in the cycle (2022-06-21), and an increase of 46.47% from the lowest point of 58.25 points on August 6, 2020. (Note: The cycle refers to the period from March 1st, 2012 to present)

Analysis review

The distribution prices of mainstream domestic potassium chloride were mixed this week: Xiangyang Youdeshi's weekend potassium chloride distribution price was 2,700 RMB/ton, which was temporarily stable compared to the beginning of the week. Zibo Dehe's weekend potassium chloride distribution quotation was 2,700 RMB/ton, an increase of 100 RMB/ton compared to the beginning of the week. Anhui Badou weekend potassium chloride distribution quotation was 2,550 RMB/ton, which was temporarily stable compared to the beginning of the week. Shandong Xinkaisheng's weekend potassium chloride distribution quotation was 2,600 RMB/ton, a decrease of 100 RMB/ton compared to the beginning of the week. The arrival price of 60% white potassium chloride in Qinghai was around 2,400 RMB/ton, and the self delivered price of 62% white potassium chloride in ports was around 2,600 RMB/ton. The self delivered price of 60% bright red granules potassium chloride at the port was around 2,700 RMB/ton. Border trade accounted for 62% of Russian white potassium chloride at around 2,400 RMB/ton.

From the downstream market situation of potassium chloride, the price of potassium carbonate in the market had slightly increased this week, rising from 7,100.00 RMB/ton at the beginning of the week to 7,120.00 RMB/ton at the weekend, an increase of 0.28%, and a year-on-year decrease of 25.45% over the weekend. The market price of potassium nitrate slightly decreased this week, dropping from 5,350.00 RMB/ton at the beginning of the week to 5,250.00 RMB/ton at the weekend, a decrease of 1.87%. The weekend price fell by 23.36% year-on-year. Overall, the downstream market for potassium chloride had slightly declined, and downstream customers' demand for potassium chloride had weakened.

Market outlook

In late August, the overall trend of potassium chloride market may fluctuate and decline in a narrow range, with consolidation being the main trend. The prices of potassium chloride in Salt lakes and Zangge had stabilized at low levels. The downstream market of potassium chloride had slightly declined, and downstream demand had weakened, with procurement being based on demand. Potassium chloride analysts from SunSirs believe that domestic potassium chloride import prices may slightly decline in the short term.

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