Price trend

According to the monitoring of the commodity market analysis system of SunSirs, the price of potassium sulfate with a 50% content at the beginning of this month was 3,250 RMB/ton, and the price of potassium sulfate with a 50% content at the end of this month was 3,176 RMB/ton, a decrease of 2.26%.

Analysis review

In May, domestic potassium sulfate prices showed an upward trend. Resource based potassium sulfate manufacturer SDIC Luobopo entered a comprehensive maintenance state at the end of this month and planed to resume production by September, resulting in a sharp decrease in supply. As of May 31, the ex factory price of 52% Mannheim potassium sulfate powderwas mostly between 3300-3600 RMB/ton. Actual transactions are mainly based on order agreements, and the spot supply in the hands of traders was also tight.

The operating rate of potassium sulfate plants in Mannheim was mostly maintained at over 70%. The manufacturers had a high number of orders in the early stage and were temporarily not accepting orders at high prices. Most factory orders can continue to be shipped until late June or even July. Processed potassium sulfate manufacturers were relatively active in purchasing raw materials for potassium chloride. Driven by rigid demand, they mainly purchased on demand based on orders.

Market outlook

The domestic potassium fertilizer market had a tight supply, and it is expected that the domestic potassium fertilizer market prices will mainly fluctuate upwards in the short term.

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