1、 Price trend

As can be seen from the above figure, the domestic market price of imported potassium chloride increased slightly this month, from 5066.67 RMB/ton at the beginning of the month to 5166.67 RMB/ton at the end of the month, an increase of 1.97%. The ex factory price of domestic potassium chloride was slightly stable for the time being. The factory quotation of domestic salt lake potassium chloride this month is about 3500.00 RMB/ton. On April 29, the commodity index of potassium chloride (import) was 135.97, unchanged from yesterday, hitting a record high in the cycle, up 40.60% from the lowest point of 96.71 on September 16, 2021. (Note: the period refers to the period from September 1, 2021 to now)

2、 Market analysis

The quotation of mainstream domestic potassium chloride manufacturers increased slightly this month: the ex factory quotation of Qinghai Salt Lake potassium chloride at the end of the month was about 3500 RMB/ton, mainly contract. Youdeshi's potassium chloride distribution quotation at the end of this month is 5100 RMB/ton, which is temporarily stable compared with that at the beginning of this month. Zibo Dehe offered 5400 RMB/ton of potassium chloride at the end of this month, up 300 RMB/ton compared with the beginning of this month. Anhui Badou's potassium chloride distribution quotation at the end of this month is 5000 RMB/ton, which is temporarily stable compared with that at the beginning of this month. The price of 62% white potassium in the port is increased by about 5200 RMB/ton, the price of 60% Dahong granules in the port is increased by about 5100 RMB/ton, the price of 62% Russian  potassium in border trade is about 4800-4900 RMB/ton, and the arrival price of 60% white potassium in Qinghai is about 4380-4900 RMB/ton.

From the downstream market of potassium chloride, the ex factory price of potassium carbonate increased slightly this month, from 9066.67 RMB/ton at the beginning of the month to 9083.33 RMB/ton at the end of the month, an increase of 0.18%, an increase of 35.83% year-on-year compared with the same period last year. The ex factory price of potassium nitrate rose slightly this month, from 7050.00 RMB/ton at the beginning of the month to 7083.33 RMB/ton at the end of the month, an increase of 0.47%, an increase of 61.90% year-on-year over the same period last year. Overall, the downstream market of potassium chloride rose slightly, and the downstream demand for potassium chloride was good.

3、 Future forecast

Potassium chloride market trend or high consolidation in the middle and early ten days of May. The price of Salt Lake and zangge potassium chloride is stable and continues to increase, but the market supply is still limited and tight. Agricultural demand is weakened, industrial demand is normal, and just need to purchase. With the support of the international potash fertilizer market, it is unlikely that potassium chloride will fall.

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