Price trend

As can be seen from the figure above, the domestic market of imported potassium chloride rose slightly this week, with the price rising from 3,866.67 RMB/ton at the weekend to 3,883.33 RMB/ton at the weekend, up 0.43%.The arrival price of potassium chloride of domestic Salt Lake this week was 3,500-3,600 RMB/ton.

On December 4, the potassium chloride (import) commodity index was 102.19 points, unchanged from the previous day, 29.40% lower than the cycle's highest point of 144.74 points (2022-06-21), and 5.67% higher than the lowest point of 96.71 points on September 16, 2021. (Note: Period refers to 2021-09-01 to now)

Analysis review

This week, the quotation of domestic mainstream potassium chloride manufacturers rose slightly: the arrival price of 60% potassium chloride of Qinghai Salt Lake was 3,500-3,600 RMB/ton. The selling price of potassium chloride in Xiangyang Youdeshi this weekend was 3,800 RMB/ton, which was temporarily stable compared with last weekend. The selling price of potassium chloride in Zibo Dehe this weekend was 4,000 RMB/ton, which was 50 RMB/ton higher than last weekend. The selling price of potassium chloride in Anhui Badou this weekend was 3,850 RMB/ton, which was temporarily stable compared with last weekend. 62% of the white potassium in the port, and the buyer's own picking price was about 3,700 RMB/ton. At the port, 60% of Dahong Granules, buyers picked up the goods themselves at the price of about 3,800-4,000 RMB/ton. 62% of Russian white potassium in border trade was about 3,500-3,600 RMB/ton.

From the perspective of the downstream market of potassium chloride, the factory price of potassium carbonate was adjusted at a low level this week, at 9,225.00 RMB/ton, a year-on-year increase of 13.42%. This week, the factory price of potassium nitrate was adjusted at a low level, at 5,875.00 RMB/ton, down 0.42% year on year. On the whole, the downstream market of potassium chloride was consolidated at a low level, and the downstream customers' demand for potassium chloride was average.

Market outlook

The overall trend of potassium chloride market in the middle and late December may fluctuate and fall sightly. The price of potassium chloride in Salt Lake and Zangger was adjusted at a low level. The downstream market of potassium chloride was consolidated at a low level. The downstream demand was general, and the procurement was mainly just in needed. 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.

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