According to the commodity market analysis system of Shengyishe, at the beginning of the week, Shanxi industrial grade first-class potassium nitrate was reported at 4975.00 yuan/ton, and over the weekend, Shanxi industrial grade first-class potassium nitrate was reported at 5100.00 yuan/ton, an increase of 2.51% and a month on month increase of 2.77%. The current price has dropped by 3.77% year-on-year.
potassium nitrate
This week, the domestic potassium nitrate market has been fluctuating and consolidating, and it can be seen from the above chart that there has been a slight increase in the recent potassium nitrate market. There have been no new orders signed for potassium chloride border trade, and the domestic potassium chloride market remains strong at a high level with strong cost support. Potassium nitrate manufacturers are shipping normally, with slight fluctuations in the market. According to statistics from Business Society, the mainstream domestic manufacturers of potassium nitrate quoted 4700-4800 yuan/ton this week (for reference only), and the prices may vary depending on the procurement situation.
This week, the domestic potassium chloride market experienced high volatility. As of this weekend, potassium chloride has been offered at 2516 yuan/ton. The domestic potassium chloride market continues its previous consolidation trend, with a calm market performance. In terms of imports, the price of 60% potassium chloride is mostly between 2200-2500 yuan/ton. Due to the moderate arrival volume this month and the basic balance between supply and demand in the domestic market, there has been no surplus situation in the market, and the price remains rigid and strong. However, downstream factories generally have a resistance mentality towards high prices, and the current market is in a weak season. Most enterprises have replenished their inventory in the early stage, and the demand for compound fertilizer manufacturers is decreasing.
Recently, the domestic potassium fertilizer market has remained strong at a high level, with good cost support. It is expected that the price of potassium carbonate will mainly rise in the short term, and the long-term market still needs to wait and see. (The above prices are provided by major potassium nitrate manufacturers across the country and analyzed by potassium carbonate analysts from Business Society. They are for reference only. For more price details, please contact relevant manufacturers for consultation.).
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