1、 Price trend

According to the commodity analysis system of the business community, the domestic market of imported Potassium chloride fell slightly this week, with the price falling from 2825.00 yuan/ton at the beginning of the week to 2762.50 yuan/ton at the end of the week, a decline of 2.21%. On June 18, the Potassium chloride (import) commodity index was 87.70, unchanged from yesterday, down 49.77% from the peak of 174.60 (2022-06-21) in the cycle, and up 50.56% from the lowest point of 58.25 on August 6, 2020. (Note: The cycle refers to the period from March 1st, 2012 to present)

2、 Market analysis

The quotation of domestic mainstream Potassium chloride dealers fell slightly this week. The arrival price of 60% white potassium in Qinghai is around 2500-2700 yuan/ton, and the self raised price of 62% white potassium in ports is around 2600 yuan/ton. The self raised price of 60% Dahong granules at the port is around 2800-2900 yuan/ton. Border trade accounts for 62% of Russian white potassium at around 2200-2300 yuan/ton. Both have declined.

From the downstream market of Potassium chloride, the price of potassium carbonate market fell slightly this week, from 8100.00 yuan/ton at the beginning of the week to 7840.00 yuan/ton at the end of the week, down 3.21%, and the price at the weekend fell 22.57% year on year. The price of Potassium nitrate market finally rose this week, rising 2.94% from 5100.00 yuan/ton at the beginning of the week to 5250.00 yuan/ton at the end of the week. The price at the end of the week fell 31.26% year on year. On the whole, the downstream market of Potassium chloride fluctuated with each other, and the downstream customers’ demand for Potassium chloride was average.

3、 Future Market Forecast

The overall trend of Potassium chloride market in late June may fall in a narrow range, mainly finishing. Salt Lake and Zangger Potassium chloride prices were adjusted at a low level. The downstream market of Potassium chloride fluctuates with each other. The downstream demand is general, and the purchase of rigid demand is the main demand. International potassium fertilizer prices continue to decline. Potassium chloride analysts from the business agency believe that the domestic Potassium chloride import price may fall slightly in the short term.