Price trend
According to the Commodity Market Analysis System of SunSirs, at the beginning of the week, Shanxi's industrial grade first-class potassium nitrate was quoted at 5,475 RMB/ton. At the end of the week, Shanxi's industrial grade first-class potassium nitrate was quoted at 5,425 RMB/ton, a decrease of 0.91%, a month on month decrease of 3.98%, and the price has dropped by 24.48% compared to last year.
Analysis review
This week, the domestic potassium nitrate market was fluctuating and declining. From SunSirs, it can be seen that the recent potassium nitrate market fluctuated slightly, and the market continued to decline this week. Domestic potassium manufacturers had sufficient supply, and border trade sources had slightly increased. The arrival of goods was mainly concentrated in Lianyun Port, and prices decreased. The potassium nitrate market was trading coldly and the market continued to decline. According to statistics from SunSirs, mainstream domestic manufacturers of potassium nitrate quoted 5,200-5,700 RMB/ton this week (for reference only), and the prices varied depending on the procurement situation.
Recently, the mainstream domestic potassium chloride manufacturer's potassium chloride prices fluctuated and fell: on May 6th, Anhui Badou Chemical Co., Ltd.'s potassium chloride distribution price was around 3,300 RMB/ton, and the quotation was temporarily stable. The actual transaction price was mainly negotiated. During the May Day holiday, the potassium fertilizer market did not have strong transactions. After the holiday, market bearishness was dominant, demand was sluggish, and the supply of potassium fertilizer was sufficient, resulting in oversupply.
Market outlook
Recently, the domestic potassium fertilizer market has entered a low season with high inventory, and downstream purchases remain in demand. It is expected that the price of potassium nitrate will mainly decline in the short term, while the long-term market still needs to wait and see.
