1、 Price trend
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 3250.00 yuan/ton at the beginning of the week to 3050.00 yuan/ton at the end of the week, a decrease of 6.15%. On May 22, the potassium chloride (imported) commodity index was 96.43, a decrease of 0.4 points from yesterday, a decrease of 44.77% from the highest point of 174.60 points in the cycle (2022-06-21), and a 65.55% increase 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 quoted by mainstream domestic potassium chloride manufacturers have slightly decreased. The arrival price of 60% white potassium in Qinghai is around 2800-3000 yuan/ton, and the self raised price of 62% white potassium in ports is around 2900 yuan/ton. The self raised price of 60% Dahong granules at the port is around 3000 yuan/ton. Border trade accounts for 62% of Russian white potassium at around 2500 yuan/ton.
From the downstream market situation of potassium chloride, the factory price of potassium carbonate has slightly decreased this week, from 8480.00 yuan/ton at the beginning of the week to 8390.00 yuan/ton at the weekend, a decrease of 1.06%, and the weekend price has decreased by 12.15% year-on-year. This week, the factory price of potassium nitrate slightly decreased, from 5375.00 yuan/ton at the beginning of the week to 5300.00 yuan/ton at the weekend, a decrease of 1.40%. The weekend price decreased by 28.22% 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 late May, 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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