According to the Commodity Market Analysis System of the Business Society, at the beginning of the week, the average ex factory tax price of Shanxi’s light potassium carbonate was 8620.00 yuan/ton. On the weekend, the average ex factory tax price of Shanxi’s light potassium carbonate was 8520.00 yuan/ton, a decrease of 1.16%. The current price has decreased by 4.70% compared to the previous year, and the current price has decreased by 9.52% compared to the previous year.

Potassium carbonate

Potassium carbonate prices have fallen this week. From the above chart, it can be seen that the recent decline in the potassium carbonate market has been the main trend, and the market has continued to decline slightly this week. Domestic potassium manufacturers have sufficient supply, and the market price of potassium chloride continues to decline. The transaction volume in the potassium carbonate market is flat, and the shipment volume is poor, resulting in a decline in the potassium carbonate market. According to statistics from Business Society, the mainstream factory quotation range for industrial grade potassium carbonate in China this week is around 8300-8500 yuan/ton (for reference only), and the quotation varies depending on the procurement situation.

Recently, the prices of mainstream domestic potassium chloride manufacturers have fluctuated and fallen: on May 6th, the distribution price of potassium chloride by Anhui Badou Chemical Co., Ltd. was around 3300 yuan/ton, and the prices have remained stable temporarily. The actual transaction price is mainly negotiated. During the May Day holiday, the potassium fertilizer market did not have strong transactions. After the holiday, the market is currently dominated by bearish conditions, with low demand and abundant supply of potassium fertilizer, resulting in oversupply.

Recently, the domestic potassium fertilizer market has entered a low season with high inventory, and downstream purchases remain in demand. It is expected that the price of potassium carbonate will mainly decline in the short term, while the long-term market still needs to wait and see.