1、 Price trend

According to the Commodity Analysis System of Business Society, the domestic market for imported potassium chloride remained stable this week (5.20-24), with little price change compared to the previous weekend. As of the end of this week, the price of potassium chloride was quoted at 2516 yuan/ton, a decrease of 0.

2、 Market analysis

This week, the domestic price of potassium chloride has not changed much, and the market has remained calm, with prices still in the process of consolidation. In terms of imports, the price of 60% potassium chloride is mostly between 2200-2500 yuan/ton. Due to the previous level of arrivals this month, the domestic market has shown a basic balance between supply and demand, and there has been no surplus situation in the market. The price remains rigid and strong. The quotations from major domestic manufacturers for salt lakes have not changed much, with prices reduced by 10 yuan/ton compared to last week, and domestic demand remains relatively sluggish.

From the downstream market situation of potassium chloride, there has been a slight improvement in the downstream potassium fertilizer market, with prices of major products rebounding. The market price of potassium carbonate has slightly declined this week, rising from 7250 yuan/ton last weekend to 7290 yuan/ton this weekend, an increase of 0.55%. The potassium nitrate market continues to rise, with an increase of 2.51%. The price has risen from 4975 yuan/ton last weekend to 5100 yuan/ton this weekend. Overall, the downstream market situation of potassium chloride has slightly improved, and it is expected to have a certain positive effect on upstream potassium chloride in the later stage. However, considering that the prices of potassium chloride production enterprises are currently mostly unchanged, it is also necessary to be cautious about the later market situation.

3、 Future Market Forecast

According to a potassium chloride data analyst from Business Society, the potassium chloride market was mainly stable in early June. This week, the salt lake quotation slightly decreased, and the domestic market supply and demand were weakly balanced. It is expected that potassium chloride will not have much upward momentum.