Price trend

According to the Commodity Market Analysis System of SunSirs, at the beginning of the week, the average ex factory tax price of Shanxi's light potassium carbonate was 7,530.00 RMB/ton. On the weekend, the average ex factory tax price of Shanxi's light potassium carbonate was 7,490.00 RMB/ton, a decrease of 0.53%. The price had decreased by 1.32% month on month, and the price had decreased by 19.25% year-on-year.

Analysis review

Potassium carbonate prices had fallen this week. From the above chart, it can be seen that the potassium carbonate market mainly experienced a slight decline in the past two months, and this week the market continued to decline slightly. The cost side potassium chloride market price fluctuated slightly, cost support was average, downstream demand was poor, procurement was weak, and the inventory pressure of potassium carbonate manufacturers was significant, resulting in a slight decline in the market. According to statistics from SunSirs, the mainstream factory quotation range for industrial grade potassium carbonate in China this week was around 7,100-7,700 RMB/ton (for reference only), and the quotation varied depending on the procurement situation.

Recently, the prices of mainstream domestic potassium chloride manufacturers fluctuated slightly: on October 20th, the distribution price of potassium chloride by Zibo Zhongsheng Chemical Co., Ltd. was around 3,000 RMB/ton. The trend of potassium chloride market was mainly sorted out. The prices of potassium chloride in Saltlake and Zangge were temporarily stable, and the market situation was average.

Market outlook

Recently, there was an upward trend in the domestic potassium chloride market price, the supply of goods in the market was relatively concentrated and traders were reluctant to sell. Cost support was good, and it is expected that the price of potassium carbonate will mainly rise in the short term, while the long-term market still needs to wait and see.

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