1、 Price trend

The downstream market demand is sluggish, and the pressure on potassium chloride to sell has increased. This week, the domestic market price of imported potassium chloride has dropped significantly. According to the Commodity Analysis System of Business Society, the price of potassium chloride has dropped from 2925 yuan/ton at the beginning of the week to 2825 yuan/ton at the end of the week, a decrease of 3.42% and a year-on-year decrease of 27.33%.

2、 Market analysis

According to data statistics, the final price of 60% potassium in Qinghai over the weekend is around 2700-2860 yuan/ton, with limited new transactions. The self raised price of 62% white potassium at the port is around 2500-2600 yuan/ton. The self raised price of 60% Dahong particles at the port is around 2700-2800 yuan/ton. Border trade accounts for 62% of Russian white potassium at around 2500 yuan/ton, with a slight increase in spot prices. Mainstream distributors of potassium chloride have seen a decline in their quotes during the week.

From the downstream market of potassium chloride, the price of potassium carbonate in the market has slightly declined this week, dropping from 7440 yuan/ton at the beginning of the week to 7400 yuan/ton at the end of the week, a decrease of 0.54%, and a year-on-year decrease of 18.68% over the weekend. The market price of potassium nitrate slightly decreased this week, dropping from 5325 yuan/ton at the beginning of the week to 5275 yuan/ton at the end of the week, a decrease of 0.94%. The weekend price fell by 10.78% year-on-year. Overall, the downstream market for potassium chloride continues to be sluggish, with manufacturers mainly purchasing on demand.

3、 Future Market Forecast

In late January, the overall trend of potassium chloride market may fluctuate and fall narrowly, with consolidation being the main trend. The prices of salt lakes and Zangge potassium chloride are temporarily stable, but new transactions are limited. The downstream market for potassium chloride continues to decline, with weakened downstream demand and a focus on essential procurement. Recently, international potassium fertilizer has also shown a weak trend. Business Society’s potassium chloride analyst believes that domestic potassium chloride import prices may slightly decline in the short term.