SunSirs: The Potassium Carbonate Market in Shanxi Rose in November
December 01 2023 09:48:16 SunSirs (John)
Price trend
According to the commodity market analysis system of SunSirs, the mainstream ex factory price of Shanxi light potassium carbonate, including tax, was 7,420.00 RMB/ton at the beginning of the month. At the end of the month, the mainstream ex factory price of Shanxi light potassium carbonate, including tax, was 7,550.00 RMB/ton, an increase of 1.75%. The price had dropped by 18.16% year-on-year.
Analysis review
The price of potassium carbonate increased in November. From the above chart, it can be seen that last month's potassium carbonate market was mainly declining, but this month's market rebounded, rising for four consecutive weeks. The raw material potassium chloride fluctuated and rose, with good cost support. Potassium carbonate followed the rise in cost and the market continued to rise. According to statistics from SunSirs, the mainstream ex factory quotation range for industrial grade potassium carbonate was around 7,300-7,500 RMB/ton recently (for reference only), and the quotation varied depending on the procurement situation.
According to the Commodity Analysis System of SunSirs, the overall trend of potassium chloride market in November was fluctuating and rising. As of the end of the month, the self delivery price of 62% Russian white potassium chloride in border trade was around 2,900 RMB/ton. The prices of potassium chloride in Saltlake and Zangge had increased, creating a favorable market atmosphere. SunSirs' potassium chloride analyst believes that domestic potassium chloride import prices may slightly increase in the short term.
Market outlook
As of the end of November, the domestic potassium chloride market was on the rise, with good cost support. It is expected that the price of potassium carbonate will mainly rise in the short term, and the long-term market still needs to wait and see.
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