Price trend

According to the commodity market analysis system of SunSirs, at the beginning of the week, Shanxi's industrial grade first-class potassium nitrate was quoted at 4,962.50 RMB/ton, and over the weekend, Shanxi's industrial grade first-class potassium nitrate was quoted at 4,950.00 RMB/ton, a decrease of 0.25%, a month on month decrease of 0.50%, and the price had dropped by 7.91% year-on-year.

Analysis review

This week, the domestic potassium nitrate market had declined, and it can be seen from the above chart that the recent potassium nitrate market had mainly experienced slight fluctuations, and the market had continued to decline slightly this week. The domestic market price of potassium chloride was at a relatively high level, with acceptable cost support, but downstream demand remained weak, and the sales of potassium nitrate in the market were poor, resulting in a decline in potassium nitrate prices. According to statistics from SunSirs, the mainstream domestic manufacturers of potassium nitrate quoted 4,700-4,800 RMB/ton this week (for reference only), and the prices varied depending on the procurement situation.

This week, the domestic potassium chloride market experienced high volatility. The market price of domestic crystals potassium chloride 60% was mostly between 2,330-2,390 RMB/ton, and the price of 57% powder potassium chloride for small factories in Qinghai was based on 2,050-2,150 RMB/ton; Border trade areas: 62% of Russian white potassium chloride prices were mostly between 2,150-2,200 RMB/ton; Port: The price of 62% white potassium chloride was mostly between 2,450-2,470 RMB/ton (increased by 20-30 RMB/ton), while the price of large particles potassium chloride in the port was between 2,550-2,600 RMB/ton.

Market outlook

Recently, the supply and circulation of potassium chloride in the market had remained tight, with a high market price and strong cost support. It is expected that the potassium nitrate market will mainly experience a slight increase in the short term, and the long-term market still needs to be watched.

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