The price of imported potassium chloride fell by 1.87% this week (8.14-8.20)

1、 Price trend

According to the Commodity Analysis System of Business Society, the domestic market for imported potassium chloride fluctuated narrowly this week, with a price of 2637.50 yuan/ton. On August 21, the potassium chloride (imported) commodity index was 85.32, an increase of 1.59 points compared to yesterday, a decrease of 51.13% from the highest point of 174.60 points in the cycle (2022-06-21), and an increase of 46.47% 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 of mainstream domestic potassium chloride distributors have fluctuated. The arrival price of 60% white potassium in Qinghai is around 2400 yuan/ton, and the self raised price of 62% white potassium in ports is around 2600 yuan/ton. The self raised price of 60% Dahong granules at the port is around 2700 yuan/ton. Border trade accounts for 62% of Russian white potassium at around 2400 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 7100.00 yuan/ton at the beginning of the week to 7120.00 yuan/ton at the weekend, an increase of 0.28%, and a year-on-year decrease of 25.45% over the weekend. The market price of potassium nitrate slightly decreased this week, dropping from 5350.00 yuan/ton at the beginning of the week to 5250.00 yuan/ton at the weekend, a decrease of 1.87%. The weekend price fell by 23.36% 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 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.