Price trend

According to the monitoring of the commodity market analysis system of SunSirs, the price of potassium sulfate with a 50% content at the beginning of this week was 3,400 RMB/ton, and the price of potassium sulfate with a 50% content at the end of this week was 3,450 RMB/ton, with a price increase of 1.47%.

Analysis review

The overall price of potassium sulfate in the domestic market had slightly increased this week, with manufacturers mainly delivering based on orders. SDIC Luobupo Potash and Qinghai CITIC Guoan devices had fully resumed production, and production basically reached normal levels. Early orders had been delivered one after another, and market prices that were too high were gradually trending towards normal. The market price of SDIC Luobupo Potash 52% powder potassium sulfate was mostly between 3,600-3,800 RMB/ton, and the market price of CITIC Guoan 50% powder potassium sulfate was mostly around 3,500 RMB/ton. The actual transaction would be discussed.

The operating rate of downstream factories in the autumn market was gradually weakening, and most large factories had sufficient inventory of raw materials, while only some small and medium-sized factories still needed a small amount of raw material replenishment. In the case of slight fluctuations in the price of potassium fertilizer raw materials in the market, downstream factories mainly purchased according to demand.

Market outlook

The domestic potassium fertilizer market had improved in the transaction, and it is expected that the potassium sulfate market price may mainly show a slight upward trend.

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