1、 Price trend
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According to the Commodity Analysis System of the Business Society, the domestic market for imported potassium chloride has slightly declined this week, with prices dropping from 3450.00 yuan/ton at the beginning of the week to 3400.00 yuan/ton at the end of the week, a decrease of 1.45%. On April 23, the potassium chloride (imported) commodity index was 107.94, an increase of 1.59 points from yesterday, a decrease of 38.18% from the highest point of 174.60 points in the cycle (2022-06-21), and an increase of 85.30% from the lowest point of 58.25 points on August 6, 2020. (Note: The cycle refers to the period from March 1st, 2012 to present)
2、 Market analysis
This week, the prices of mainstream domestic potassium chloride manufacturers have slightly decreased The arrival price of 60% white potassium in Qinghai is around 3100-3200 yuan/ton, and the self raised price of 62% white potassium in ports is around 3100-3200 yuan/ton. The self raised price of 60% Dahong granules at the port is around 3150-3300 yuan/ton. Border trade accounts for 62% of Russian white potassium at around 2800-2900 yuan/ton.
From the downstream market situation of potassium chloride, the factory price of potassium carbonate has slightly decreased this week, from 8840.00 yuan/ton at the beginning of the week to 8700.00 yuan/ton at the weekend, a decrease of 1.58%. The weekend price has decreased by 4.04% compared to the same period last year. The factory price of potassium nitrate slightly decreased this week, from 5575.00 yuan/ton at the beginning of the week to 5500.00 yuan/ton at the weekend, a decrease of 1.35%. The weekend price decreased by 21.99% compared to the same period last year. Overall, the downstream market for potassium chloride has slightly declined, and downstream customers’ demand for potassium chloride has weakened.
3、 Future Market Forecast
In late April, the overall trend of potassium chloride market may fluctuate and decline in a narrow range, with consolidation being the main trend. The prices of potassium chloride in salt lakes and Zangge have stabilized at low levels. The downstream market of potassium chloride has slightly declined, and downstream demand has weakened, with primary demand for procurement. International potassium fertilizer prices continue to decline. Potassium chloride analysts from Business Society believe that domestic potassium chloride import prices may slightly decline in the short term.
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