SunSirs: The Potassium Carbonate Market Had Declined This Week (April 1-7)
April 08 2024 14:20:49 SunSirs (John)
Price trend
According to the commodity market analysis system of SunSirs, the average ex factory price of Shanxi light potassium carbonate, including tax, was 7,310.00 RMB/ton at the beginning of the week. On the weekend, the average ex factory price of Shanxi light potassium carbonate, including tax, was 7,270.00 RMB/ton, a decrease of 0.55%. The price decreased by 0.82% month on month, and had dropped by 18.68% 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 been mainly volatile and consolidating in the past two months, with a slight decline this week. The domestic market price of potassium chloride was at a relatively high level, and cost support was still acceptable. However, the transaction volume in the potassium carbonate market was light, and traders mainly shipped at low prices, resulting in a volatile and weak market. According to statistics from SunSirs, the mainstream ex factory quotation range for industrial grade potassium carbonate in China this week was around 7,100-7,300 RMB/ton (for reference only), and the quotation varied depending on the procurement situation.
Recently, the domestic market for potassium chloride had declined. The domestic potassium chloride market was in a slow downward trend, with traders mainly shipping at low prices, and port shipments were still acceptable. As of April 7th, the price of 62% white potassium chloride was mostly around 2,300 RMB/ton. In mid to early April, the trend of potassium chloride market may fluctuate and fall slightly, with consolidation being the main trend. The prices of potassium chloride in Saltlake and Zangge were temporarily stable, and the market situation was average. Downstream agricultural demand was average, industrial demand weakened, and the price of potassium chloride may fluctuate and fall in the future.
Market outlook
Recently, the domestic potassium chloride market had been at a high and firm price, but the market was in a slightly stagnant trading state, with poor sales of potassium carbonate. 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.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
