SunSirs: This Week, the Potassium Carbonate Market Was Consolidating (December 18-22)
December 26 2023 14:14:06 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 7,530.00 RMB/ton this week. The price remained unchanged on a month on month basis, with a year-on-year decrease of 17.25%.
Analysis review
The price of potassium carbonate had consolidated this week. From the above chart, it can be seen that the potassium carbonate market mainly fluctuated slightly in the past three months, and the market had remained stable this week. Recently, the market price of potassium chloride had been fluctuating and consolidating. Downstream demand remained low, and the potassium carbonate market was consolidating. 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: the port's 60% bright red particles potassium chloride was priced at around 3,000-3,150 RMB/ton, and the port's 62% white potassium chloride prices were mostly priced at 2,820-2,880 RMB/ton, with prices temporarily stable. The domestic potassium chloride market had a large supply of imported goods, and it is expected that the potassium chloride market will be weakly consolidated in the future.
Market outlook
Recently, the domestic potassium chloride market was still in a slow downward trend, with poor cost support. Downstream procurement was maintained on demand, and it is expected that the price of potassium carbonate will mainly decline in the short term, while the long-term market still needs to wait and see.
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