Price trend
As can be seen from the figure above, the domestic market of imported potassium chloride fell slightly this week, with the price falling from 3,766.67 RMB/ton at the end of last week to 3,750.00 RMB/ton at the end of this week, a decline of 0.44%. The arrival price of potassium chloride in domestic salt lakes this week was 3,660-3,880 RMB/ton.
On November 13, the potassium chloride (imported) commodity index was 98.68, unchanged from the previous day, 31.82% lower than the cycle's highest point of 144.74 points (2022-06-21), and 2.04% higher than the lowest point of 96.71 points on September 16, 2021. (Note: Period refers to 2021-09-01 to now)
Analysis review
The quotation of domestic mainstream potassium chloride manufacturers fell slightly this week: the arrival price of 60% potassium chloride in Qinghai Salt Lake was 3,660-3,880 RMB/ton, and the price was temporarily stable. The selling price of potassium chloride in Xiangyang Youdeshi this weekend was 3,800 RMB/ton, which was temporarily stable compared with last weekend. Zibo Dehe's selling quotation of potassium chloride this weekend was 3,800 RMB/ton, which was temporarily stable compared with last weekend. The selling price of potassium chloride in Badou, Anhui this weekend was 3,650 RMB/ton, down 50 RMB/ton compared with last weekend. The self delivery price of 62% white potassium at the port was about 3,500-3,600 RMB/ton. The self delivery price of 60% Dahong granules at the port was about 3,500-3,600 RMB/ton. 62% of Russian white potassium in border trade was about 3,400 RMB/ton.
From the downstream market of potassium chloride, the factory price of potassium carbonate fell slightly this week, from 9,237.50 RMB/ton at the end of last week to 9,162.50 RMB/ton at the end of this week, a drop of 0.81%, and up 13.82% year-on-year. The factory price of potassium nitrate fell slightly this week, from 6,075.00 RMB/ton at the end of last week to 5,875.00 RMB/ton at the end of this week, down 3.29%,and up 0.86% year-on-year. On the whole, the downstream market of potassium chloride fell slightly, and downstream customers' demand for potassium chloride weakened.
Market outlook
The overall trend of potassium chloride market in the middle and late November may be dominated by narrow fall in shocks. The price of potassium chloride in Salt Lake and Zangger was consolidated at a low level. The downstream market of potassium chloride fell slightly, and the downstream demand was weakened, purchased mainly on rigid demand. International potash fertilizer prices fell slightly. Potassium chloride analysts from SunSirs believe that the domestic potassium chloride import price may fall slightly in shock in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com