SunSirs: Potassium Carbonate Market Fell Weakly in November
November 29 2019 11:07:27 SunSirs (John)
Price trend
According to the data monitoring of SunSirs, the price of potassium carbonate fluctuated and consolidated in November. At the beginning of the month, the average domestic factory price of mainstream potassium carbonate was 6,437.50 RMB/ton, and the average domestic factory price of mainstream potassium carbonate was 6375.00 RMB/ton, down 0.97%, and the current price fell by 7.78% year-on-year.
Analysis review
Product: In November, the potassium carbonate market fell weakly. On November 4, Wenshui County Zhenfeng Agricultural Materials Co., Ltd. adjusted the price, a decrease of 100 RMB/ton, and the adjusted price was 6,500 RMB/ton. On November 26, Wentong Potassium Salt Group Co., Ltd. adjusted the price, a decrease of 200 RMB/ton, and the adjusted price was 6,200 RMB/ton. Due to the consolidation of the price of upstream raw material potassium chloride, there is no support for the price of potassium carbonate. The market for potassium carbonate has weakened weakly. At the same time, the demand side has weakened, and the price adjustment has been small. Manufacturers partially halted production and overhauled, the inventory market was low, and the market momentum was generally low. According to the statistics of SunSirs: In November, the mainstream factory quotation range for domestic industrial grade potassium carbonate was around 6200-6500 RMB/ton (the quotation is for reference only), and the quotation varies according to the procurement situation.
Market outlook
Analysts of Potassium carbonate from SunSirs believe that the recent atmosphere of the potassium fertilizer market is relatively deserted and the transactions are average. In the short term, the price of potassium carbonate will still show a weak steady state. The long-term market still needs to wait and see, mainly affected by demand-side.
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