Price trend
According to the Commodity Market Analysis System of SunSirs, at the beginning of the month, the average ex factory tax price of Shanxi's light potassium carbonate was 7,340.00 RMB/ton. At the end of the month, the average ex factory tax price of Shanxi's light potassium carbonate was 7,270.00 RMB/ton, a decrease of 0.95%. The lowest point of the average price was at 7,110.00 RMB/ton on August 11, a decrease of 3.27% compared to the beginning of the month, and the price decreased by 27.37% compared to last year.
Analysis review
The price of potassium carbonate fell first and then rose in August. From the above chart, it can be seen that the potassium carbonate market was declining for three consecutive months, with a rebound at the end of this month. The raw material potassium chloride rose at the end of the month, providing good cost support. Potassium carbonate followed the cost increase and the market bottomed out and rebounded. According to statistics from SunSirs, the mainstream factory quotation range for industrial grade potassium carbonate was around 7,000-7,700 RMB/ton recently (for reference only), and the quotation varied depending on the procurement situation.
According to the Commodity Analysis System of SunSirs, the overall trend of potassium chloride market in August was first downward and then upward. Domestic potassium chloride: The market price of 60% potassium chloride was mostly between 2,400-2,550 RMB/ton (increased by 50 RMB/ton), and the port price of 62% white potassium chloride was around 2,700-2,750 RMB/ton (increased by 100 RMB/ton); 60% large particle potassium chloride at the port was around 2,700-2,750 RMB/ton; Border trade areas: the 62% Russia white potassium chloride prices were mostly between 2,400-2,450 RMB/ton; Qinghai 60% potassium chloride arrived at the station at around 2,800 RMB/ton. Analysts from SunSirs believe that domestic potassium chloride import prices may slightly increase in the short term.
Market outlook
As of August 28th, the border trade had not yet arrived, and the domestic potassium chloride market supply was tight. Potassium chloride is expected to rise, and cost support was good. It is expected that the price of potassium carbonate will mainly rise in the short term, and the long-term market still needs to wait and see.
