SunSirs: The Potassium Carbonate Market Fell This Week (December 11-15)
December 18 2023 15:17:11 SunSirs (John)
Price trend
According to the commodity market analysis system of the SunSirs, the average ex factory price of Shanxi light potassium carbonate, including tax, was 7,550.00 RMB/ton at the beginning of the week. On the weekend, the average ex factory price of Shanxi light potassium carbonate, including tax, was 7,530.00 RMB/ton, a decrease of 0.26%. The current price increased by 0.13% month on month, and dropped by 17.93% year-on-year.
Analysis review
The price of potassium carbonate had fallen this week. From the above chart, it can be seen that the potassium carbonate market had mainly experienced a slight decline in the past two months, and this week's market continued to decline slightly. The market price of potassium chloride on the cost side declined, with poor cost support. Downstream demand generally maintained essential procurement, while the transaction volume in the potassium carbonate market was light and the market continued to decline. According to statistics from SunSirs, the mainstream ex factory quotation range for industrial grade potassium carbonate in China this week was around 7,300-7,500 RMB/ton (for reference only), and the quotation varied depending on the procurement situation.
Recently, the prices of mainstream domestic potassium chloride manufacturers had fluctuated slightly: the prices of potassium chloride in Saltlake and Zangge were temporarily stable. The downstream market of potassium chloride was consolidating at a high level, with average downstream demand and mainly focused on purchasing for immediate needs. The circulation of potassium chloride was tight, and the supply of goods at the port had slightly increased. SunSirs' potassium chloride analyst believes that domestic potassium chloride imported prices may slightly decline in the short term.
Market outlook
Recently, there had been sufficient supply of imported potassium chloride, with lower prices and poor cost support. It is expected that the potassium carbonate market will mainly experience a slight decline in the short term. The long-term market still needs to be watched.
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