1、 Price trend

According to the Commodity Analysis System of the Business Society, the domestic market for imported potassium chloride has slightly declined this week, with prices dropping from 3400.00 yuan/ton at the beginning of the week to 3325.00 yuan/ton at the end of the week, a decrease of 2.21%. On May 7th, the potassium chloride (imported) commodity index was 105.56, a decrease of 1.58 points from yesterday, a decrease of 39.54% from the highest point of 174.60 points in the cycle (2022-06-21), and an increase of 81.22% from the lowest point of 58.25 points on August 6th, 2020. (Note: The cycle refers to the period from March 1st, 2012 to present)

2、 Market analysis

This week, the prices of mainstream domestic potassium chloride manufacturers have slightly decreased The arrival price of 60% white potassium in Qinghai is around 3000-3200 yuan/ton, and the self raised price of 62% white potassium in ports is around 3100-3200 yuan/ton. The self raised price of 60% Dahong granules at the port is around 3100-3300 yuan/ton. Border trade accounts for 62% of Russian white potassium at around 2700-2800 yuan/ton.

From the downstream market situation of potassium chloride, the factory price of potassium carbonate slightly decreased this week, dropping from 8620.00 yuan/ton at the beginning of the week to 8520.00 yuan/ton at the weekend, a decrease of 1.16%. The weekend price fell by 9.52% year-on-year. This week, the factory price of potassium nitrate slightly decreased, from 5475.00 yuan/ton at the beginning of the week to 5425.00 yuan/ton at the weekend, a decrease of 0.91%. The weekend price decreased by 24.48% year-on-year. Overall, the downstream market for potassium chloride has slightly declined, and downstream customers’ demand for potassium chloride has weakened.

3、 Future Market Forecast

In mid to early May, the overall trend of potassium chloride market may fluctuate and decline in a narrow range, with consolidation being the main trend. The prices of potassium chloride in salt lakes and Zangge have stabilized at low levels. The downstream market of potassium chloride has slightly declined, and downstream demand has weakened, with primary demand for procurement. International potassium fertilizer prices continue to decline. Potassium chloride analysts from Business Society believe that domestic potassium chloride import prices may slightly decline in the short term.