1、 Price trend
According to the monitoring of the business community, the price of imported potassium chloride in the domestic market fell slightly in March, and the price of potassium chloride fell from 3850.00 yuan/ton at the beginning of the month to 3712.50 yuan/ton at the end of the month, a decrease of 3.57%. On March 30th, the potassium chloride (imported) commodity index was 117.86, a decrease of 1.58 points from yesterday, a decrease of 32.50% from the highest point in the cycle of 174.60 points (2022-06-21), and an increase of 102.33% from the lowest point of 58.25 points on August 6th, 2020. (Note: The cycle refers to the period from March 1st, 2012 to present)
2、 Market analysis
From the supply side perspective, the prices of mainstream domestic potassium chloride distributors have slightly decreased this month. At the end of the month, 62% of the port’s white potassium was around 3300-3400 yuan/ton, 60% of the port’s large red particles were around 350-3600 yuan/ton, and 62% of the border trade’s Russian white potassium was around 3100 yuan/ton, all of which showed a decrease. The potassium chloride port has a storage capacity of approximately 2.3 to 2.4 million tons.
From the demand side, the price of potassium carbonate market fell slightly this month, from 9120.00 yuan/ton at the beginning of the month to 9020.00 yuan/ton at the end of the month, down 1.10%, and the price at the end of the month fell 0.51% year-on-year. The factory price of potassium nitrate slightly decreased this month, from 5940.00 yuan/ton at the beginning of the month to 5725.00 yuan/ton at the end of the month, a decrease of 3.62%, a year-on-year decrease of 18.79% compared to the same period last year. Overall, the downstream market of potassium chloride has slightly declined. Agricultural demand has weakened, industrial demand is average, and downstream enthusiasm for purchasing potassium chloride has weakened.
3、 Future Market Forecast
In mid to early April, the trend of potassium chloride market may fluctuate slightly, with consolidation being the main trend. The prices of salt lakes and Zangge potassium chloride are stable, with contracts being the main focus. Downstream agricultural demand weakens, industrial demand is average, and procurement is mainly on demand. The price of potassium chloride may fluctuate and fall in the future.
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