1、 Price trend
According to the Commodity Analysis System of Business Society, the domestic market for imported potassium chloride has slightly declined this week. The price of potassium chloride has dropped from 3005 yuan/ton at the beginning of the week to 2925 yuan/ton at the end of the week, a decrease of 2.66%, a year-on-year decrease of 24.76%. On January 15th, the potassium chloride (imported) commodity index was 92.86, unchanged from yesterday, a decrease of 46.82% from the highest point in the cycle of 174.60 points (2022-06-21), and an increase of 59.42% from the lowest point of 58.25 points on August 6th, 2020. (Note: The cycle refers to 2012-03-01 present)
2、 Market analysis
The prices of mainstream domestic potassium chloride distributors have declined this week. The arrival price of 60% white potassium in Qinghai is around 2860 yuan/ton, and the self raised price of 62% white potassium at the port is around 2650 yuan/ton. The self raised price of 60% Dahong particles at the port is around 2850 yuan/ton. Border trade accounts for 62% of Russian white potassium at around 2550 yuan/ton.
From the downstream market situation of potassium chloride, the price of potassium carbonate in the market has slightly declined this week, dropping from 7480 yuan/ton at the beginning of the week to 7440 yuan/ton at the end of the week, a decrease of 0.53%, and a year-on-year decrease of 18.24% over the weekend. The market price of potassium nitrate has slightly declined this week, dropping from 5375 yuan/ton at the beginning of the week to 5325 yuan/ton over the weekend, a decrease of 0.93%, and a year-on-year decrease of 9.94% over the weekend. Overall, the downstream market for potassium chloride has slightly declined, and downstream customers have weakened their demand for potassium chloride.
3、 Future Market Forecast
In mid to late January, the overall trend of potassium chloride market may fluctuate and fall narrowly, with consolidation being the main trend. The prices of potassium chloride in salt lakes and Zangge are temporarily stable. The downstream market of potassium chloride has slightly declined, and downstream demand has weakened, with rigid demand procurement being the main focus. Business Society’s potassium chloride analyst believes that domestic potassium chloride import prices may slightly decline in the short term.
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