SunSirs: The Potassium Carbonate Market Fluctuated and Consolidated (March 13-17)
March 21 2023 10:45:55 SunSirs (John)
Price trend
According to data monitored by SunSirs, the average ex-factory price of light potassium carbonate in Shanxi this week, including taxes, was 9,100.00 RMB/ton, with the current price increasing by 0.28% month on month and 0.37% year on year.
Analysis review
The price of potassium carbonate fluctuated and consolidated this week. As can be seen from the above figure, the recent potassium carbonate market had fluctuated slightly, and this week's market had declined slightly. Domestic potassium manufacturers had sufficient supply, the supply from border trade sources increased significantly and prices decreased. Trading in the potassium carbonate market was cold, and the potassium carbonate market was weak and consolidated. According to the statistics of SunSirs, this week, the mainstream factory quotation range of domestic industrial grade potassium carbonate was around 9,000-9,300 RMB/ton (for reference only). The quotation varied depending on the procurement situation.
Recently, the quotations of mainstream domestic potassium chloride manufacturers had declined: as of March 10, the border trade of 62%white potassium was 3,350-3,00 RMB/ton, and spot price was high. Yingkou Port quoted a price of 3,650-3,,700 RMB/ton for 62% white potassium, Zhanjiang Port quoted a price of 3,600-3,650 RMB/ton for 62% white potassium, and Fangcheng Port quoted a price of 3,600-3,650 RMB/ton for 62% white potassium.
Market outlook
The focus of the domestic potash fertilizer market continued to shift downward, cost support was poor. Downstream purchases remained in demand. The price of potassium carbonate is expected to decline mainly in the short term, while the long-term market still needs to wait and see.
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