At the beginning of the week, the price of potassium sulfate with 50% content was 4030 yuan/ton, and over the weekend, the price of potassium sulfate with 50% content was 4023 yuan/ton, a decrease of 0.17% in price.
This week, the market price of potassium sulfate has been weak. The factory price of 52% powder/fully water-soluble powder is about 4250-4300 yuan/ton, and the arrival price of 50% powder is between 3700-3850 yuan/ton. It is mainly used for fixed customer orders in the early stage. Due to some manufacturers’ maintenance, the local supply is tight, and the price is relatively strong, but the overall transaction is limited.
Cost side: The main raw materials for processing potassium sulfate are potassium chloride and sulfuric acid. Recently, the overall price of potassium chloride has been weak, which has weakened the cost support for potassium sulfate; However, the high price of sulfuric acid has resulted in the complete cost of processing potassium sulfate remaining high, and some manufacturers are in a loss making state, limiting the downward space of prices.
Prediction: The potassium sulfate market is experiencing weak trading, and it is expected that the domestic potassium fertilizer market prices will mainly fluctuate and weaken in the short term.
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