1、 Price trend

As can be seen from the figure above, the domestic market price of imported potassium chloride fell sharply this month, from 4633.33 yuan/ton at the beginning of the month to 4066.67 yuan/ton at the end of the month, a decline of 12.23%. The factory price of potassium chloride in China is temporarily stable. The factory price of potassium chloride in domestic salt lakes this month is 4480.00 yuan/ton. It is reported that potassium chloride in the salt lake may fall by more than 1000 yuan in October. On September 30, the potassium chloride (import) commodity index was 107.02, unchanged from yesterday, 26.06% lower than the cycle’s highest point of 144.74 (2022-06-21), and 10.66% higher than the lowest point of 96.71 on September 16, 2021. (Note: Period refers to 2021-09-01 to now) (Note: Period refers to 2021-09-01 to now)

2、 Market analysis

The quotation of domestic mainstream potassium chloride manufacturers fell slightly this month: the ex factory quotation of potassium chloride in Qinghai Salt Lake at the end of the month was about 4480 yuan/ton. Compared with the beginning of the month, the price was temporarily stable, mainly based on contracts. At the end of this month, Xiangyang Youdeshi’s potassium chloride dealer quoted 4000 yuan/ton, a drop of 400 yuan/ton compared with the beginning of the month. At the end of this month, Zibo Dehe’s potassium chloride dealer quoted 4200 yuan/ton, a drop of 650 yuan/ton compared with the beginning of the month. At the end of this month, Anhui Badou’s potassium chloride dealer quoted 4000 yuan/ton, a drop of 650 yuan/ton compared with the beginning of this month. At the end of the month, 62% of the white potassium in the port was about 3800-4000 yuan/ton, 60% of the red granules in the port was about 3800-4000 yuan/ton, and 62% of the Russian white potassium in the border trade was about 3700-3800 yuan/ton.

From the downstream market of potassium chloride, the factory price of potassium carbonate fell slightly this month, from 9475.00 yuan/ton at the beginning of the month to 9375.00 yuan/ton at the end of the month, a drop of 1.06%, 17.55% higher than the same period last year. The factory price of potassium nitrate fell slightly this month, from 6800.00 yuan/ton at the beginning of the month to 6525.00 yuan/ton at the end of the month, a drop of 5.51%, 18.43% higher than the same period last year. On the whole, the downstream market of potassium chloride fell slightly, and the downstream demand for potassium chloride weakened.

3、 Future market forecast

The market trend of potassium chloride in the first half of October may slightly fluctuate, mainly finishing. The price of potassium chloride in Salt Lake and Zangger was stable, and the new price was implemented in October, or fell sharply. The price of imported potassium chloride fell slightly. The downstream agricultural demand is weakened, the industrial demand is general, and the rigid demand procurement is dominant. In the future, the price of potassium chloride may fall in shock.