The price of imported potassium chloride increased by 0.43% this week (10.16-10.22)

1、 Price trend

 

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According to the Commodity Analysis System of the Business Society, the domestic market for imported potassium chloride fell first and then rose this week. The price of potassium chloride increased from 2887.50 yuan/ton at the beginning of the week to 2900.00 yuan/ton at the weekend, an increase of 0.43%. On October 22nd, the potassium chloride (imported) commodity index was 92.06, unchanged from yesterday, a decrease of 47.27% from the cycle’s highest point of 174.60 points (2022-06-21), and an increase of 58.04% 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 2700 yuan/ton, and the self raised price of 62% white potassium in ports is around 2800-2900 yuan/ton. The self raised price of 60% Dahong granules at the port is around 2900 yuan/ton. Border trade accounts for 62% of Russian white potassium at around 2750-2800 yuan/ton.

 

From the downstream market situation of potassium chloride, the price of potassium carbonate in the market decreased slightly this week, from 7530.00 yuan/ton at the beginning of the week to 7490.00 yuan/ton at the end of the week, a decrease of 0.53%. The weekend price fell by 19.25% year-on-year. The market price of potassium nitrate slightly decreased this week, dropping from 5450.00 yuan/ton at the beginning of the week to 5425.00 yuan/ton at the weekend, a decrease of 0.46%. The weekend price decreased by 14.23% 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 October, the overall trend of potassium chloride market may fluctuate and rise in a narrow range, with consolidation being the main trend. The prices of potassium chloride in salt lakes and Zangge are temporarily stable. The downstream market of potassium chloride has slightly declined, and downstream demand has weakened, with primary demand for procurement. The circulation of potassium chloride is tight, and the supply of goods at the port has slightly increased. Analysts from the Business Society believe that domestic potassium chloride import prices may slightly increase in the short term.

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