SunSirs: The Market of Potassium Carbonate Rose This Week (December 7-11)
December 14 2020 13:31:56 SunSirs (John)
Price trend
According to the data monitored by SunSirs, at the beginning of this week, the average domestic light potassium carbonate mainstream ex-factory price including tax was 6,225.00 RMB/ton, and the average domestic light potassium carbonate mainstream ex-factory price including tax was 6,375.00 RMB/ton at weekend, an increase of 2.41%. The current prices have increased by 3.66% month-on-month, and the current prices have fallen by 0.39% year-on-year.
Analysis review
This week, the domestic potassium carbonate market rose, the supply was tight, the inventory in various regions was at a low level, and downstream factories mostly took goods on demand. Potassium carbonate manufacturers had a positive attitude and the price rose. According to the statistics of SunSirs: this week, the domestic industrial-grade potassium carbonate mainstream ex-factory quotation range was around 6,000-6,700 RMB/ton (quotations were for reference only), and the quotations varied according to the purchase situation.
On December 11, the potassium chloride equipment of Qinghai Salt Lake Potash Co., Ltd. was operating normally. The ex-factory price was 2,020 RMB/ton, the price was temporarily stable, and the actual transaction price was mainly negotiated. On December 11, Anhui Badou Chemical Co., Ltd.'s potassium chloride distribution price was 2,300 RMB/ton. The price was temporarily stable, and the actual transaction price was mainly negotiated. The potassium chloride market has not fluctuated much recently, and it is consolidating at a high level, which can give potassium carbonate a certain cost support.
Market outlook
The potassium carbonate analyst of SunSirs believes that the recent domestic domestic potassium production situation is acceptable. The inventory in various regions is small. Imported potassium is supplemented by a small amount of new products, but the price remains high. It is expected that the price of potassium carbonate will increase slightly in the short term. The long-term market still needs to wait and see.
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