SunSirs: Potassium Carbonate Market Fell This Week （May 18-22）
May 25 2020 14:09:03 SunSirs (John)
Price trend
According to the data monitoring of SunSirs, the domestic light potassium carbonate mainstream ex-factory price including tax at the beginning of the week was 6,312.50 RMB/ton, and the domestic average light potassium carbonate ex-factory price including tax at the weekend was 6,250.00 RMB/ton, a decrease of 0.99%. The price fell by 7.75% year on year.
Analysis review
Product: The domestic potassium carbonate market has fallen this week. The domestic potassium chloride consumption season has been low recently. The port market had a wait-and-see attitude. The available inventory was gradually increasing. Traders were eager to ship. The actual orders in the market were generally fair, and the price of potassium chloride was weakly consolidated. Potassium chloride cannot support the price of potassium carbonate, and the potassium carbonate market fell this week. In general, potassium carbonate manufacturers have a negative attitude, and the market is in a situation of oversupply. The downstream purchases are mainly needed, and the domestic potassium carbonate market has declined slightly. According to the statistics of SunSirs: This week, the domestic factory-grade potassium carbonate mainstream quotation range was around 6,000-6,500 RMB/ton (the quotation for reference only), and the quotation was different according to the purchase situation.
Market outlook
Analysts of potassium carbonate of SunSirs believe that the recent domestic potassium fertilizer market is dominated by a weak downward trend, and new ports have received more goods. It is expected that the price of potassium carbonate will decline in the short term.
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