Price trend

According to the Commodity Analysis System of SunSirs, the domestic market for imported potassium chloride had risen this month, with the price of potassium chloride rising from 2,366.00 RMB/ton at the beginning of the month to 2,533.50 RMB/ton at the end of the month, an increase of 7.06%.

Analysis review

The domestic potassium chloride market had generally seen an increase in the range of 150-200 RMB/ton this month, with the main upward phase concentrated in the first half of the month and the market operating steadily in the second half. In terms of imports, the price of 60% potassium chloride was mostly in the range of 2,200-2,500 RMB/ton. Due to the small arrival volume in early April, the domestic market performance was tight, and the price was trending upwards, which was also the direct reason for the price increase. But with high prices, downstream factories generally had a resistance to price increases, and the peak season for spring plowing procurement was gradually coming to an end. Most enterprises had replenished their inventory in the early stage, and the demand for compound fertilizer manufacturers was decreasing. Therefore, potassium chloride did not continue to rise in the second half of the month.

From the downstream market of potassium chloride, the performance of the downstream potassium fertilizer market was sluggish, with prices mostly declining. The market price of potassium carbonate had slightly declined this month, dropping from 7,310.00 RMB/ton at the beginning of the month to 7,250.00 RMB/ton at the end of the month, a decrease of 0.82%. The market price of potassium nitrate had slightly declined this month, dropping from 5,062 RMB/ton at the beginning of the month to 4,962 RMB/ton at the end of the month, a decrease of 1.98%. Overall, the downstream market for potassium chloride was sluggish, which may hinder the price of potassium chloride in the later stage.

Market outlook

The potassium chloride data analyst from SunSirs believes that in May, the overall trend of the potassium chloride market may turn weak and consolidation oriented. The prices of potassium chloride in Saltlake and Zangge are temporarily stable. The downstream market of potassium chloride have temporarily remained sluggish, but with the weakening of agricultural demand in Northeast China and the weakening of potassium fertilizer demand, potassium chloride procurement may show a downward trend, and compound fertilizer factories mainly produce nitrogen fertilizer. Therefore, the price of potassium chloride may fall weakly.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.