1、 Price trend
The downstream market demand is sluggish, and the pressure on potassium chloride to sell has increased. This week, the domestic market price of imported potassium chloride has dropped significantly. According to the Commodity Analysis System of Business Society, the price of potassium chloride has dropped from 2600 yuan/ton at the beginning of the week to 2462.5 yuan/ton at the end of the week, a decrease of 5.29% and a year-on-year decrease of 35.41%.
2、 Market analysis
According to data statistics, the final price of 60% potassium in Qinghai over the weekend is around 2300-2400 yuan/ton, with limited new transactions. The self raised price of 62% white potassium at the port is around 2300 yuan/ton. The self raised price of 60% Dahong particles at the port is around 2400-2500 yuan/ton. Border trade accounts for 62% of Russian white potassium at around 2200 yuan/ton. During the week, the prices of mainstream potassium chloride distributors decreased slightly. Anhui Badou Weekend’s potassium chloride distributor quoted 2350 yuan/ton, a decrease of 250 yuan/ton compared to the beginning of the week. Zibo Dehe Weekend Potassium Chloride Distribution quoted 2400 yuan/ton, a decrease of 100 yuan/ton compared to the beginning of the week.
From the downstream market situation of potassium chloride, the price of potassium carbonate in the market has stabilized at a low level this week, with a price of 7300 yuan/ton. The weekend price fell by 19.78% year-on-year. This week, the market price of potassium nitrate stabilized at a low level, with a price of 5087.50 yuan/ton. Over the weekend, the price decreased by 13.77% year-on-year. Overall, the downstream market for potassium chloride continues to be sluggish, with manufacturers mainly purchasing on demand.
3、 Future Market Forecast
In late March, the overall trend of potassium chloride market may fluctuate and fall narrowly, with consolidation being the main trend. The prices of salt lakes and Zangge potassium chloride are temporarily stable, but new transactions are limited. The downstream market for potassium chloride continues to decline, with weakened downstream demand and a focus on essential procurement. Recently, international potassium fertilizer has also shown a weak trend. Business Society’s potassium chloride analyst believes that domestic potassium chloride import prices may slightly decline in the short term.
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