According to the data monitored by SunSirs, the first grade industrial potassium nitrate in Shanxi was at 5,850.00 RMB/ton at the beginning of the week, and at 5,925.00 RMB/ton at the weekend, up 1.28%. The current price rose by 0.99% year on year.
Analysis review
The domestic market of potassium nitrate rose this week. As can be seen from the figure above, the recent market of potassium nitrate fluctuated slightly, and the market rose in a volatile manner this week. The supply of domestic potassium manufacturers was normal, the market price of potassium chloride was volatile and consolidated, the cost support was fair, the downstream procurement remained just in demand, potassium nitrate manufacturers according to orders for shipment, and the market transaction was good, and the market rose. According to the statistics of SunSirs, the domestic mainstream potassium nitrate manufacturers quoted 5,700-6,100 RMB/ton this week (the quotation was for reference only), and the quotation varied according to the procurement situation.
Recently, the quotation of domestic mainstream potassium chloride manufacturers was stable. The sales price of 60% domestic potassium crystal was mostly 3,520-3,600 RMB/ton. The price of 57% powder of Qinghai small factories was 3,200-3,300 RMB/ton, and the price of 62% Russian white potassium in border trade areas was 3,600-3,650 RMB/ton. The price of 62% white potassium at the port was mostly 3,680-3,750 RMB/ton. The price of large particles was mostly 3,850-3,900 RMB/ton, and the price of 60% red powder was 3,800-3,850 RMB/ton.
Market outlook
Recently, the potassium chloride market has been consolidated at a high level, and the cost support is fair. The demand of downstream factories is average. It is expected that the price of potassium nitrate will fall mainly in the short term, and the long-term market still needs to wait and see.
