SunSirs: Potassium Carbonate Market Fell This Week (July 10-14)
July 14 2023 14:16:44 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, at the beginning of the week, the average ex factory tax price of Shanxi's light potassium carbonate was 7,580.00 RMB/ton. On the weekend, the average ex factory tax price of Shanxi's light potassium carbonate was 7,400.00 RMB/ton, a decrease of 2.37%. The current price has decreased by 7.96% compared to the previous year, and the current price has decreased by 26.91% compared to the previous year.
Analysis review
Potassium carbonate prices have fallen this week. From the above chart, it can be seen that the recent decline in the potassium carbonate market has been the main trend, and the market has continued to decline slightly this week. The market price of potassium chloride continued to fall, the cost support was poor, the traders' inventory was high, the transactions in the potassium carbonate market were light, and the market of potassium carbonate fell. According to statistics from SunSirs, the mainstream factory quotation range for industrial grade potassium carbonate in China this week is around 7,500 RMB/ton (for reference only), and the quotation varies depending on the procurement situation.
Recently, the overall trend of potassium chloride market might be down in a narrow range, mainly finishing. Saltlake and Zangger potassium chloride prices were adjusted at a low level. Downstream demand was average, and procurement was mainly in needed. International potassium fertilizer prices continued to decline. Potassium chloride analysts from SunSirs believe that the domestic potassium chloride import price may fall slightly in the short term..
Market outlook
Recently, the overall fluctuation of the domestic potassium chloride market is not large, but the downstream demand is poor. It is expected that the price of potassium carbonate will fall mainly in the short term, and the long-term market still needs to wait and see.
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