Price trend

According to the commodity market analysis system of the SunSirs, the average ex factory price of Shanxi light potassium carbonate, including tax, was 7,250.00 RMB/ton at the beginning of the week. On the weekend, the average ex factory price of Shanxi light potassium carbonate, including tax, was 7,270.00 RMB/ton, an increase of 0.28%. The price had increased by 0.28% month on month, and had dropped by 14.27% year-on-year.

Analysis review

The price of potassium carbonate had increased this week. From the above chart, it can be seen that the potassium carbonate market had been mainly volatile and consolidating in the past three months, with a slight increase this week. The domestic potassium chloride market continued to have high prices, with good cost support. Downstream purchases were maintained for essential needs, and potassium carbonate manufacturers were arranging orders and shipping, causing market fluctuations and upward movements. According to statistics from SunSirs, the mainstream ex factory quotation range for industrial grade potassium carbonate in China this week was around 7,200-7,300 RMB/ton (for reference only), and the quotation 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 carbonate market will mainly rise in the short term. The long-term market still needs to be watched.

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