1、 Price trend
According to the Commodity Analysis System of the Business Society, the domestic market for imported potassium chloride has slightly increased this week. The price of potassium chloride has increased from 3025.00 yuan/ton at the beginning of the week to 3062.50 yuan/ton at the end of the week, an increase of 1.24%. On November 14th, the potassium chloride (imported) commodity index was 97.22, unchanged from yesterday, a decrease of 44.32% from the cycle’s highest point of 174.60 points (2022-06-21), and an increase of 66.90% 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 increased this week. The arrival price of 60% white potassium in Qinghai is around 2800-2850 yuan/ton, and the self raised price of 62% white potassium in ports is around 2900-2950 yuan/ton. The self raised price of 60% Dahong granules at the port is around 3050-3150 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 price of potassium carbonate in the market has slightly increased this week, rising from 7480.00 yuan/ton at the beginning of the week to 7500.00 yuan/ton at the weekend, an increase of 0.27%, and a year-on-year decrease of 18.14% over the weekend. The market price of potassium nitrate slightly increased this week, rising from 5400.00 yuan/ton at the beginning of the week to 5425.00 yuan/ton at the weekend, an increase of 0.46%. The weekend price decreased by 7.66% year-on-year. Overall, the downstream market for potassium chloride has slightly increased, and downstream customers’ demand for potassium chloride has increased.
3、 Future Market Forecast
In mid to late November, the overall trend of potassium chloride market may fluctuate and rise in a narrow range, with consolidation being the main trend. The prices of potassium chloride in salt lakes and Zangge are temporarily stable. The downstream market of potassium chloride has slightly increased, and downstream demand has increased, with primary demand for procurement. The circulation of potassium chloride is tight, and the supply of goods at the port has slightly increased. Analysts from the Business Society believe that domestic potassium chloride import prices may slightly increase in the short term.
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