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 2680.00 yuan/ton at the beginning of the week to 2630.00 yuan/ton at the end of the week. On August 14th, the potassium chloride (imported) commodity index was 83.73, an increase of 0.24 points from yesterday, a decrease of 52.04% from the highest point of 174.60 points in the cycle (2022-06-21), and an increase of 43.74% 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
The prices of mainstream domestic potassium chloride distributors have slightly declined this week. The arrival price of 60% white potassium in Qinghai is around 2250-2300 yuan/ton, and the self raised price of 62% white potassium in ports is around 2500-2600 yuan/ton. The self raised price of 60% Dahong granules at the port is around 2600-2700 yuan/ton. Border trade accounts for 62% of Russian white potassium at around 2300-2400 yuan/ton.
From the downstream market situation of potassium chloride, the price of potassium carbonate continued to decline this week, dropping from 7180.00 yuan/ton at the beginning of the week to 7100.00 yuan/ton at the weekend, a decrease of 1.11%, and a year-on-year decrease of 27.37% over the weekend. The market price of potassium nitrate slightly decreased this week, dropping from 5400.00 yuan/ton at the beginning of the week to 5350.00 yuan/ton at the weekend, a decrease of 0.93%. The weekend price fell by 24.11% year-on-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 mid to late August, 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. Potassium chloride analysts from Business Society believe that domestic potassium chloride import prices may slightly decline in the short term.
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