SunSirs: The Market of Potassium Carbonate in Shanxi Fell in January
January 31 2023 10:28:25 SunSirs (John)
Price trend
According to the data monitored by SunSirs, the average ex-factory tax price of Shanxi light potassium carbonate mainstream was 9,100.00 RMB/ton at the beginning of the month, and the average ex-factory tax price of Shanxi light potassium carbonate mainstream was 9,075.00 RMB/ton at the end of the month, down 0.27%, and the current price rose 9.78% year-on-year.
Analysis review
The price of potassium carbonate fell in January. It can be seen from the monitoring data of SunSirs that the market of potassium carbonate fell for four consecutive months recently, and the market continued to decline this month. The supply of raw potassium chloride was mostly concentrated in the hands of large traders, and the market available for sale was limited. During the Spring Festival, the market of potassium carbonate fluctuated little and decreased slightly. According to the statistics of SunSirs, the recent mainstream ex-factory quotation range of industrial grade potassium carbonate was around 9,000-9,100 RMB/ton (the quotation was for reference only), which varied according to different procurement conditions.
In January, the quotation of domestic potassium chloride mainstream manufacturers was temporarily stable: the arrival price of 60% potassium chloride in Qinghai Saltlake was 3,500-3,600 RMB/ton. Xiangyang Youdeshi offered 3,800 RMB/ton of potassium chloride at the end of this week, which was temporarily stable compared with last weekend. Zibo Dehe offered 4,000 RMB/ton for potassium chloride distribution at the end of this week, which was temporarily stable compared with that at the end of last week. At the end of this week, Anhui Badou offered 3,750 RMB/ton of potassium chloride, which was temporarily stable compared with last weekend. The port's 62% white potassium self-delivered price was about 3,700-3,800 RMB/ton. The self- delivered price of 60% bright red granules at the port was about 3,800-4,000 RMB/ton. 62% of Russian white potassium in border trade was about 3,500 RMB/ton.
Market outlook
At present, the price of potash fertilizer market continues to rise, and the cost support is strong. It is expected that the price of potassium carbonate will mainly rise in the short term, while the long-term market still needs to wait and see.
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