Price trend

According to the commodity market analysis system of SunSirs, the average ex factory price of Shanxi light potassium carbonate, including tax, was 7,330.00 RMB/ton at the beginning of the week. On the weekend, the average ex factory price of Shanxi light potassium carbonate, including tax, was 7,300.00 RMB/ton, a decrease of 0.41%. The price had decreased by 2.41% compared to the previous year, and the price had dropped by 19.78% year-on-year.

Analysis review

The price of potassium carbonate had fallen this week. From the above chart, it can be seen that the potassium carbonate market had mainly experienced a slight decline in the past two months, and this week's market continued to decline slightly. The potassium chloride market was slowly declining, with poor cost support. The transaction volume in the potassium carbonate market was light, and traders mainly shipped at low prices, causing the market to fluctuate and weaken. According to statistics from SunSirs, the mainstream ex factory quotation range for industrial grade potassium carbonate in China this week was around 7,150-7,300 RMB/ton (for reference only), and the quotation varied depending on the procurement situation.

Recently, the domestic market for potassium chloride had declined. The domestic potassium chloride market was in a slow downward trend, with traders mainly shipping at low prices, and port shipments were still acceptable. As of March 8th, the price of 62% white chloride potassium was mostly around 2,350 RMB/ton, and the price of white powder potassium chloride was slightly higher than that of crystals. In mid to early March, the trend of potassium chloride market may fluctuate slightly and fall, with consolidation being the main trend. The prices of potassium chloride in Saltlake and Zangge were temporarily stable, and the market situation was average. Downstream agricultural demand was average, industrial demand weakened, and the price of potassium chloride may fluctuate and fall in the future.

Market outlook

Recently, the domestic potassium chloride market had been fluctuating at a low level, with poor cost support. It is expected that the potassium carbonate market will mainly experience a slight decline in the short term. The long-term market still needs to be watched.

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