Price Trend
According to the data monitored by business associations, the price of domestic potassium nitrate rose in August. On August 1st, the price of domestic first-class industrial potassium nitrate was 4300 yuan/ton, and on August 30th, the price of domestic first-class industrial potassium nitrate was 4383.50 yuan/ton.
II. Market Analysis
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Products: In August, the domestic potassium nitrate Market has an active trading atmosphere, potassium nitrate manufacturers are more active, the overall stock of potassium nitrate is at a low level, the start-up rate of manufacturers is at a low level, there is no sales pressure, the actual turnover is still acceptable. Although the downstream purchasing is just in need, the stock of potassium nitrate is low, and the market of potassium nitrate is rising slightly. The main potassium nitrate manufacturers quoted 4250-4500 yuan/ton.
3. Future Market Forecast
The analyst of potassium nitrate of business association thinks: the market of potassium nitrate rose slightly in August, the actual spot delivery is still acceptable, the traditional peak season of “gold, nine silver and ten ten” is coming, which is good for the price of potassium nitrate to rise, the market may be warming up, mainly by the demand-side-led price trend.
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