Price trend
According to the commodity market analysis system of SunSirs, the industrial grade first class potassium nitrate in Shanxi was quoted at 5,400 RMB/ton at the beginning of the week, and 5,350 RMB/ton at the end of the week, a decrease of 0.93%, a month on month decrease of 3.17%, and the price had dropped by 24.11% compared to last year.
Analysis review
This week, the domestic potassium nitrate market had declined. From the above chart, it can be seen that the recent potassium nitrate market had declined in the past month, and the market continued to decline slightly this week. The market price of potassium chloride on the cost side had stabilized, and downstream demand was average. The trading atmosphere in the potassium nitrate market was light, and prices had decreased. According to statistics from SunSirs, mainstream domestic manufacturers of potassium nitrate quoted 5,200-,5600 RMB/ton this week (for reference only), and the prices varied depending on the procurement situation.
Recently, the prices of mainstream domestic potassium chloride manufacturers had fluctuated and fallen: on August 11th, the distribution price of potassium chloride by Anhui Badou Chemical Co., Ltd. was around 2,520 RMB/ton. In mid August, the overall trend of potassium chloride market may fluctuate and decline in a narrow range, with consolidation being the main trend. The prices of potassium chloride in Salt lakes and Zangge had stabilized at low levels. The downstream market of potassium chloride had slightly declined, and downstream demand had weakened, with procurement mainly based on demand. Potassium chloride analysts from SunSirs believe that domestic potassium chloride import prices may slightly decline in the short term.
Market outlook
Recently, the domestic market for potassium chloride was poor, and the news of border trade orders had not been confirmed. Downstream procurement remained in demand, and it is expected that the price of potassium nitrate will mainly rise in the short term, while the long-term market still needs to wait and see.
