On January 8, WTI crude oil futures market fell to US $59.61/barrel, or US $3.09, while Brent crude oil futures fell to US $65.44/barrel, or US $2.83. The main reason was Trump’s public speech, which eased the worries about the escalation of the US Iraq conflict. Combined with the unexpected increase of EIA crude oil inventory in the US this week, the decline of crude oil rapidly expanded.

“As long as I am still the president of the United States, Iran will never be allowed to have nuclear weapons,” Trump said in a national speech at the White House at about 11 a.m. local time on May 8

Trump said that the United States does not have to respond militarily to Iran’s attack on the U.S. military base in Iraq. Iran’s attack is in retaliation for the U.S. bombing of Iranian commander Sulaimani on January 3, and did not cause casualties when Iran attacked the U.S. air base in Iraq.

Turning to the issue of Middle East oil, trump said in his speech that after taking office, the United States has achieved energy independence and is the world’s largest oil and gas producer, “without Middle East oil”. At the end of the speech, trump said that the United States is ready to embrace peace.

This led to a big shock in the global financial market and a rapid fall in the price of international crude oil.

In addition, the EIA announced that U.S. crude oil inventory increased by 1.164 million barrels to 431 million barrels in the week ended January 3, recording an increase after two consecutive weeks of decline, with the market predicting a decrease of 4.064 million barrels. WTI crude oil fell more after the data was released.

According to the business community, despite the temporary release of easing signals from the US Iraq conflict, the conflict still exists and the direction of the situation is uncertain. Therefore, in the short term, crude oil will continue to fluctuate broadly.

1、 Price data

As of December 27, the average price of domestic mainstream fuel oil distribution is 4558.00 yuan / ton, which is stable compared with 4558.00 yuan / ton at the beginning of the week.

On December 27, the fuel oil commodity index was 92.31, unchanged from yesterday, down 20.36% from the highest point of 115.91 (October 17, 2018), and up 100.33% from the lowest point of 46.08 on August 15, 2016. (Note: cycle refers to 2011-09-01 to now)

2、 Analysis of influencing factors

Product: domestic fuel oil shipments this week are average, and the actual transaction price is about 4550 yuan / ton.

Industry chain: according to the monitoring of business agency, WTI crude oil in the United States was 60.44 USD / barrel at the beginning of the week, 61.68 USD / barrel at the end of the week, up or down 2.05%; Brent crude oil was 66.14 USD / barrel at the beginning of the week, 67.92 USD / barrel at the end of the week, up or down 2.69%. At present, the trade relations between China and the United States have eased, the global economic slowdown concerns have subsided, and OPEC countries will continue to reduce production.

Industry: according to the price monitoring of the business association, in the 51st week of 2019 (12.23-12.27), there are nine commodities in the list of commodity prices rising and falling, among which the top three commodities are liquefied gas (3.12%), Brent crude oil (2.69%) and petroleum coke (2.08%). There are two kinds of commodities falling on a month on month basis, and one kind of commodities falling by more than 5%, accounting for 6.3% of the number of commodities monitored in this sector; the top two products falling are LNG (- 6.30%) and methanol (- 0.85%). This week’s average was 0.27%.

3、 Future forecast

Energy analysts of the business club believe that the international crude oil continues to rise this week, the domestic ship fuel market is generally traded, the ship fuel tax resources are tight, the ship fuel market as a whole maintains stable operation, and the downstream market is mostly stable to wait and see. It is expected that the fuel oil market price will be stable in the near future, or around 4550 yuan / ton.

1、 Price trend

According to the data of the large scale list of business agencies, the price trend of domestic TDI market is stable this week, and the average price of East China market is 11466.67 yuan / ton in the week, which is stable compared with the price at the end of last week, 38.02% lower than last year.

2、 Market analysis

Products: this week, the domestic TDI market was consolidated and operated. The overall atmosphere of the market was general. The company made stable offers and delivered goods. The downstream market intention was weak, the demand follow-up was poor, and the transaction volume was insufficient. As of the 27th, the quotation of domestic goods with bills in East China was 11000-11200 yuan / ton, and that of Shanghai goods with bills was 11300-11400 yuan / ton. The overall market atmosphere was weak, the inquiry and purchase were not smooth, and most of the enterprises kept stable shipment.

Industry chain: the upstream nitric acid price is mainly consolidated, and the average ex factory price in East China is 1600.00 yuan / ton in the week. The market of nitric acid industry is sluggish, the demand is fair, the quotation of enterprises is basically stable and weak, and it is expected that the nitric acid market will continue to be weak. In terms of toluene, influenced by the long holiday in Europe and the United States, the market fell in shock this week compared with last week. At present, the mainstream price in East China is about 5500-5550 yuan / ton. With the end of the long holiday in Europe and the United States, the toluene market is expected to have a shock rebound next week.

3、 Future forecast

According to the analysis of the Data Engineer of the business agency: the market atmosphere of TDI is weak, the business offers are cautious and stable, the downstream demand follow-up is poor, the stock of raw materials is abundant, the intention to enter the market is low, the inquiry and purchase are weak, the transaction volume is poor, all parties pay attention to the information of suppliers, the later TDI market or weak consolidation and transportation bank, and the factory news.

1、 Price trend of antimony ingot

According to the data monitoring of business agency, in 2019, the price of antimony ingot Market in East China was 50500 yuan / ton at the beginning of the year (01.01), 39125 yuan / ton at the end of the year, down 22.52% annually. The peak value of the year occurred on January 1, and the quotation was 50500 yuan / ton. In the year, the low value appeared on August 29, with the quotation of 37500 yuan / ton and the annual amplitude of 25.74%.

2、 Overview of antimony ingot Market

Since entering the market in 2019, the price of antimony ingot has entered a downward channel. Generally speaking, the market trading before and after the Spring Festival is very cold. Most manufacturers completed the stock purchase in advance at the end of January and entered the Spring Festival holiday. After the opening of the Spring Festival holiday, there are scattered transactions in the market, so the antimony ingot Market is relatively cold from January to February. After March, due to the influence of capital pressure, some manufacturers are eager to cash out, so they reduce the original high price and close to the price range that can be traded in the actual market. The overall market atmosphere is cold, the inventory of manufacturers is high, and the price drops. In addition, the market’s sentiment of buying up and not buying down depressed, and the actual transactions were mostly long orders, so it was difficult for the market to have demand support. Near the end of May, the price of antimony ingot has broken the 40000 yuan / ton threshold. Although the strong price sentiment of production suppliers is strong, the downstream purchase intention continues to be low, lacking the support of transaction, and the price is difficult to maintain stability. In June, the strong price sentiment of domestic mainstream enterprises was high, but in the past month, the demand side wait-and-see mood was strong. Some manufacturers and suppliers began to loose the sales price. From the actual demand side purchase situation, the small amount of terminal purchase is the mainstream, while the speculative demand is light, and the price of antimony ingot always hovers below 40000 yuan / ton. Then in the traditional off-season of July and August, the antimony ingot Market is difficult to improve. At the beginning of September, a large-scale domestic enterprise had a month’s maintenance plan news released, the manufacturer’s market price sentiment was obvious, the price rose by about 2000 yuan / ton in a short term, the market price continued to rise to the middle of October, with an average increase of about 2500 yuan / ton, and immediately ended the third quarter into the fourth quarter of the traditional peak season, the downstream stock was more active, the overall transaction of the market was good, some trade was good E-commerce is reluctant to sell, and the overall market atmosphere is good. In late October, the market price stopped rising and entered consolidation after a rapid rise. Both sides of the market began to test and wait for each other. After nearly a month of price stalemate game between the two sides, in late November, some manufacturers began to reduce their prices slightly and sell, resulting in a certain degree of price decline. However, nearly the end of the year, most manufacturers have basically completed their annual tasks, and will not make too much adjustment to the market. This price correction is also a small-scale fluctuation after the early rise, with limited impact on the market. Major domestic manufacturers Good price mentality is still strong. Near the lunar new year, most of the manufacturers have completed their tasks, and the market has entered the consolidation period again.

Capacity production

According to the statistics of antimony trioxide output of member enterprises of antimony branch of China Nonferrous Metals Industry Association, the output of antimony trioxide in October 2019 was 8610 tons, with a growth rate of 8.5% on a month on month basis and 7.4% on a year-on-year basis; the output of antimony trioxide from January to October was 76692 tons, with a growth rate of 8.2% on a year-on-year basis. From the perspective of the production of antimony trioxides by province and region, from January to October 2019, the top five provinces and regions in the production of antimony trioxides were: Hunan 48472 tons, accounting for 63.2% of the total production; Guangxi 14236 tons, Guangdong 6650 tons, Guizhou 4135 tons, Yunnan 3065 tons, accounting for 18.6%, 8.7%, 5.4% and 4.0% of the total production respectively..

Relevant policies:

Ministry of ecological environment: enterprises with high environmental performance during heavy pollution period may not reduce emissions: on December 26, Ministry of ecological environment held a press conference. According to the comprehensive Department of the Ministry of ecological environment, it is necessary to urge local governments to improve the emergency emission reduction list of heavy pollution weather, classify 46000 key enterprises in Beijing, Tianjin, Hebei and surrounding areas, Fenwei plain and other key regions according to the environmental performance level, and take differentiated control measures. During the early warning period of heavy pollution, enterprises with high environmental performance level may not take emission reduction measures, while enterprises with poor performance level need to add Major emission reduction efforts. Through classified supervision and guidance, enterprises should consciously adopt higher standards to reduce emissions and actively contribute to improving the quality of ecological environment.

The Ministry of Commerce publicized and declared the list of enterprises with qualification for export of tungsten, antimony and silver in 2020-2021: in order to further strengthen the export management of rare metals and standardize the export operation order, according to the relevant provisions of the foreign trade law of the people’s Republic of China and the regulations of the people’s Republic of China on the administration of import and export of goods, the Ministry of Commerce will now declare and declare the export of tungsten, antimony and silver in 2020-2021 The list of e-qualification enterprises shall be publicized. 1、 The publicity period is from December 6 to 12, 2019. If you have any objection, please send the written opinion to the foreign trade department of the Ministry of Commerce before 17:00 on December 12, 2019 (subject to the time when the fax is received). 2、 This publicity only solicits opinions from listed enterprises, and does not accept new declaration. 3、 If the enterprise to be supplemented in the list can supplement relevant materials within the publicity period, it will be transformed into an enterprise that meets the application conditions, otherwise it will be treated as an enterprise that does not meet the application conditions. Contact unit: foreign trade department Resource Office Tel: 010-65197467 Fax: 010-65197434.

Chinese enterprises cooperate with Tajikistan in mining battery metal antimony: it is understood that a Chinese enterprise will cooperate with Tajikistan in mining battery metal antimony next year. Antimony can be used in the preparation of new anode materials because of its flame retardancy. Due to their good physical and chemical properties, antimony based and tungsten based materials have become one of the key materials for energy storage experts to study the negative electrode. It is understood that talco, the state-owned Aluminum Company of Tajikistan, aims to eventually produce 10% of the world’s antimony production. The cooperation with Chinese enterprises plans to produce 2.2 tons of gold, 15000 tons of antimony and 6000 tons of antimony oxide every year. Last year, Tajikistan produced 6.4 tons of gold.

National Bureau of Statistics: in the three quarter, China’s GDP grew by 6% over the same period last year. In the first three quarters, faced with the complex situation of increasing risks and challenges at home and abroad, under the strong leadership of the Party Central Committee with Comrade Xi Jinping as the core, all localities and departments conscientiously implemented the decision making and deployment of the Party Central Committee and the State Council, firmly upholding the overall tone of the work, persisting in the new development concept, and continuously deepening the structural reform of the supply side. We will strengthen counter cyclical adjustment, focus on stabilizing employment, finance, foreign trade, foreign investment, investment and expectations, and focus on the implementation of various policies. The overall operation of the national economy will be stable, the economic structure will continue to be optimized, and people’s wellbeing will continue to improve. According to preliminary accounting, the gross domestic product in the first three quarters was 69779.8 billion yuan, an increase of 6.2% year-on-year at comparable prices. On a quarterly basis, the growth rate was 6.4% in the first quarter, 6.2% in the second quarter and 6.0% in the third quarter. By industry, the added value of the primary industry is 430.05 billion yuan, an increase of 2.9%; the added value of the secondary industry is 27786.9 billion yuan, an increase of 5.6%; the added value of the tertiary industry is 37692.5 billion yuan, an increase of 7.0%.

Outlook for the future

Next week is facing the cross year market. The domestic and foreign commodity markets are closed on New Year’s day on Wednesday. In the first half of the week, the market is cautious and the trading is light. In the second half of the week, at the beginning of the year 2020, the macro environment is still in a more optimistic mood. However, according to their own fundamental characteristics, each item may increase its position trading in the new year in an orderly manner. The spot market will also open a new page in 2020. It is expected that antimony market will enter the market in the short term The whole period.

1、 Price trend

According to the data in the business club’s large list, as of December 23, the market of propylene oxide rose, with an average price of 10233.33 yuan / ton, up 2.33% compared with last Friday (20th), and the mainstream price of propylene oxide in China on December 23 was 9900-10600 yuan / ton.

2、 Analysis of influencing factors

Product: propylene oxide market rose on the 23rd. The terminal demand is large, the purchasing enthusiasm of the downstream polyether is fair, the inventory of the propylene oxide plant is quickly digested, and the quotations of the enterprises are increased one after another. On the 23rd, the cash delivery price in Shandong mainstream market of Wanhua chemical was 10300 yuan / ton, and that in East China mainstream market was 10600 yuan / ton. At present, the main quotation of propylene oxide Market in East China is around 10300 yuan / ton, which is delivered by cash; the main quotation of propylene oxide Market in Shandong is around 10100 yuan / ton, which is delivered by cash; the main quotation of propylene oxide Market in South China is around 10200 yuan / ton, which is delivered by cash.

Industrial chain: in the middle of December, the market price of domestic propylene (Shandong) continued to maintain stability, with a fluctuation of no more than 0.5%. The average price of enterprises at the beginning of ten days (December 11) is 6738 yuan / ton, and the average price of enterprises at the end of ten days (December 20) is 6718 yuan / ton, a decrease of 0.31% in ten days. Ten day high price appeared on December 14, which was 6745 yuan / ton, and ten day amplitude was 0.41%. 23 raw material propylene oxide inventory low strong market push up, downstream polyether market narrow range with the rise.

3、 Future forecast:

According to the propylene oxide analyst of the business association, the raw material propylene will maintain stability in the near future, with limited impact on propylene oxide. The price rise of propylene oxide is supported by tight spot supply in the site, but the downstream’s resistance to high price raw materials will hold back the price rise of propylene oxide to a certain extent. Propylene oxide is expected to rise slightly in the short term, and more attention should be paid to the upstream and downstream mainstream market transactions.

According to statistics, the price trend of domestic ammonium nitrate rose slightly this week. By the end of the week, the market price of domestic ammonium nitrate was 2300 yuan / ton, up 1.47% from 2266.67 yuan / ton at the beginning of the week, up 9.52% year on year. On December 19, the ammonium nitrate commodity index was 121.05, the same as yesterday, a record high in the cycle, 56.46% higher than the lowest point of 77.37 on October 31, 2016. (Note: cycle refers to 2013-02-01 to now).

This week, the price trend of the domestic ammonium nitrate Market slightly increased. The domestic ammonium nitrate manufacturers started normal operation with stable supply and mainly stable price. In the near future, the supply of goods in the market is normal. In the near future, some manufacturers have achieved better indicators, the factory price slightly increased, and the domestic price trend slightly increased. However, the shipment market of ammonium nitrate manufacturers has not changed much. The downstream purchase is on demand. Due to the impact of environmental protection control, the domestic downstream civil explosive industry still stops production more, the domestic ammonium nitrate manufacturers have limited start-up, and the market price of ammonium nitrate has increased slightly. Up to now, the negotiation mainstream in Shaanxi is 2300-2400 yuan / ton, that in Shandong is 2400-2500 yuan / ton, and that in Hebei is 2400-2600 yuan / ton.

This week, the price of concentrated nitric acid fluctuated at a low level in China, with a weekend price of 1600 yuan / ton. Jiangsu Hongze Yinzhu Chemical Co., Ltd. offers 1500 yuan / ton; Anhui Jinhe offers 1500 yuan / ton; Shandong helitai offers 1800 yuan / ton. Anhui Aodeli offers 1580 yuan / ton; Wenshui County synthetic chemical offers 1750 yuan / ton. In the near future, the operation rate of domestic maintenance equipment is relatively high, the supply of concentrated nitric acid market is normal, and the on-site delivery is general. The market price of ammonium nitrate remains low due to negative factors. The low price of nitric acid is a negative influence of the market of ammonium nitrate, and the market price of ammonium nitrate has a limited increase.

The overall supply of liquid ammonia in the upstream market is relatively loose, and the unit operating rate of the enterprise is slightly higher. The staggered peak and limited production in Shanxi Province and limited transportation in Wuhan, Hubei Province lead to the tight supply of liquid ammonia in some regions; however, the start-up of other liquid ammonia enterprises is still at a high level, and the price trend of liquid ammonia is stable as the liquid ammonia plant in Hubei Province enters the recovery period in the middle and late ten days. In addition, some manufacturers are under maintenance in the near future. The operating rate of liquid ammonia enterprises is relatively low, and the local liquid ammonia market may maintain a high level, but the overall trend of liquid ammonia is stable nationwide. The upstream liquid ammonia Market as a whole has not changed much, and the market price of ammonium nitrate has increased slightly.

In the near future, the demand of the downstream civil explosive industry is normal. For the purchase on demand in the ammonium nitrate Market, the supply of ammonium nitrate manufacturers is normal. In addition, the market price of raw materials is at a low level, so the price cost support for the ammonium nitrate Market is limited. Ammonium nitrate analysts of the business association believe that the demand for ammonium nitrate may rise in the later period, and expect that the market price of ammonium nitrate in the later period may maintain a high volatility.

1、 Price trend

Pure benzene rose slightly this week, according to the data in the business club’s bulk list, while Sinopec continued its price last week. Last Friday, the listing price of pure benzene enterprises was 5700-5850 yuan / ton, and this Friday’s listing price of pure benzene was 5700-5900 yuan / ton, an increase of 0.88% over last week.

2、 Analysis and comment

1. Product: compared with last week, the port inventory of pure benzene continued to decline this week. In addition, the domestic pure benzene spot shortage and other favorable support, the domestic pure benzene price continued to rise in the first half of the week. However, due to Sinopec’s lack of price adjustment guidance in the second half of the week, the market’s rising mentality fell and the price was stable.

2. Crude oil: crude oil prices rose better this week as the first phase of us China trade reached a text agreement, boosting the oil market atmosphere. WTI was up 2.96% and Brent was up 3.07% compared with December 13.

3. External market: Po in the United States is in short supply, and the factory has increased the starting load of the plant, so the demand for pure benzene has been boosted; in addition, Europe is close to the contract negotiation period, so the external market price of pure benzene is high.

4. Related industries: styrene rose slightly in shock this week, up 0.68%; aniline factory shipments were difficult this week, with prices down (down 3.68%), but cost pressure limited the decline.

3、 Future forecast

1. Crude oil: the current trade situation is good, forming a bottom support for the crude oil market. Crude oil is expected to continue to rise, but not much.

2. Market: the downstream products of pure benzene need to be soft and the profit is thin, or the market of pure benzene will be limited. In the later stage, it is necessary to pay attention to the start-up load change of downstream and hydrobenzene units.

Comprehensive consideration, it is expected that the pure benzene will be shaken and consolidated next week.

I. price trend

According to the monitoring data of business agency, the price trend of soda ash this week is stable. During the week, the average market price in East China was 1560 yuan / ton from the weekend, which was stable compared with the weekend last year, down 26.53% year on year. On December 15, the commodity index of light soda ash was 80.00, flat with yesterday, down 32.12% from 117.86 (2017-11-21), the highest point in the cycle, and up 26.68% from 63.15, the lowest point on November 18, 2015. (Note: cycle refers to 2011-09-01 to now)

II. Market analysis

Product: this week, the domestic soda price is weak and stable, the market continues to be weak, and the trading atmosphere is flat. It is understood that the selling price of soda ash is low this week, in which the combined soda enterprise mainly adopts flexible single price negotiation considering the cost impact, and the price reduction space is slightly small due to the cost; the ammonia soda enterprise takes the initiative to flexibly reduce 30-50 yuan / ton to meet the order at the beginning of the month. Due to the contradiction of over supply in the industry and the influence of weak upstream and downstream demand, the market trading performance eased and the delivery volume was average.

In terms of supply: most soda ash enterprises have stable production, and the overall starting load remains at 90% of the annual high level; in terms of inventory, the market just needs to remain, soda ash enterprises have stable production support, and the supply pressure is small under the influence of high inventory, and the enterprises continue to reduce the price and increase the volume. Due to the poor performance of enterprise shipment, the supply continues to be dominated by excess supply.

Demand side: considering the cost factor, it is difficult for soda ash enterprises to continue to reduce prices to promote the transaction, so this week, the Middle East associated soda enterprises and the downstream procurement deadlock procurement situation. At present, winter storage is considered in the downstream, and the demand will be released in the later stage or due to the impact of transportation and pressure. It is difficult for the downstream industry of light soda ash to have obvious demand increase performance under the influence of environmental protection; heavy soda ash just needs to operate stably.

III. future forecast

According to the soda ash analyst of business association, the downstream demand of soda ash is limited, and the market is not optimistic. The downstream maintains rigid demand for replenishment, and the price is hard to rise. However, the order and demand are expected to increase to promote the consumption of enterprise’s supply. It is expected that the soda ash market will maintain stable operation, depending on the inventory situation and downstream market demand.

I. price trend

According to the monitoring data of business agency, as of December 13, the latest price of cyclohexanone in China was 7266 yuan / ton, down 0.91% month on month and 29.90% year on year. The domestic market of cyclohexanone is mainly sorted out.

II. Market analysis

Products: at present, domestic cyclohexanone manufacturers have made it clear that there are not many offers. The shipping level of enterprises is around 7300-73400 yuan / ton. Most of them supply supporting downstream production demand, and the inventory level is low. The South China cyclohexanone market was sorted out for a short time, and the negotiation was delivered with reference to 7900-8000 yuan / ton. The upstream pure benzene was supported by firm operation, the seller’s offer was held high, the purchase response was general, and there was a wait-and-see in the market. The market of cyclohexanone in East China has been operating steadily, and the market of pure benzene has been promoted steadily. The on-site negotiations refer to 7700-7800 yuan / ton, and some of the sales are up to 7900 yuan / ton. The purchase intention tends to be near the low end, and replenishment is required.

Industry chain: pure benzene: Asian pure benzene Market: in February, the seller intends to buy 740 US dollars / ton CFR China, and in January, the seller intends to buy 745 US dollars / ton CFR China. Domestic pure benzene Market: East China’s pure benzene market slowly rebounded, with reference to 5850-5900 yuan / ton for negotiation, some of the selling prices were slightly higher, and the price of goods in the far month was 5700-5800 yuan / ton for negotiation. The small increase in the external price gave psychological support, and the seller’s intention was high to report to the market.

Caprolactam: the market trend of caprolactam US dollar is strong, the offer of the merchants is increased, the inquiry atmosphere of the downstream factories is light, there are not many actual orders in the market, and the mainstream transaction negotiation reference in the market is 1200-1220 US dollars / ton. The caprolactam liquid market maintained consolidation, and the main real single negotiated price in East China market was 10800-11000 yuan / ton (6 months’ acceptance delivery), stable. Caprolactam business offer is temporarily stable, the focus of market negotiation is low-end. Downstream buyers are mainly cautious and wait-and-see, and the market trading atmosphere is light.

III. future forecast

On the positive side, the downstream market rose slightly; the pure benzene market remained firm. On the negative side, the solvent demand is insufficient; the industry chain profit is limited. The upward trend of the upstream market has a clear positive direction to the market, with a small increase in business intention and a limited profit in the downstream market. The cyclohexanone analysts of the business society expect that the market of the domestic cyclohexanone market will have a small upward space in the short term.

I. price trend

According to the data monitored by the business agency, the price of domestic potassium nitrate fluctuated and consolidated this week. This week, the price of domestic industrial grade first-class potassium nitrate was 4350.00 yuan / ton, and the current price was 5.43% lower than last year.

II. Market analysis

Product: this week, the domestic potassium nitrate Market was in a shock consolidation, with a general trading atmosphere and a general downstream demand. It was in a stable period of consumption, with a relatively stable supply and demand, and the market was in a consolidation state. In addition, the overall downstream demand is general, the inventory is relatively sufficient, the rising power is insufficient, and the price is mainly stable. This week, the price change is not big. The domestic mainstream potassium nitrate manufacturers offer 4200-4500 yuan / ton.

III. future forecast

Potassium nitrate analyst of business association thinks: this week, the market of potassium nitrate is volatile and consolidated, but the demand side purchase is general. It is expected that the demand of potassium nitrate will not be greatly improved in the short term, and the market may be consolidated and operated.