1、 Price trend

As can be seen from the figure above, the domestic market of imported potassium chloride fell slightly this week, with the price falling from 3900.00 yuan/ton at the weekend to 3766.67 yuan/ton at the weekend, a decline of 3.42%. The arrival price of potassium chloride in domestic salt lakes this week is 3660-3880 yuan/ton. On November 6, the potassium chloride (import) commodity index was 99.12, unchanged from yesterday, 31.52% lower than the cycle’s highest point of 144.74 (2022-06-21), and 2.49% higher than the lowest point of 96.71 on September 16, 2021. (Note: Period refers to 2021-09-01 to now)

2、 Market analysis

The quotation of domestic mainstream potassium chloride manufacturers fell slightly this week.

From the downstream market of potassium chloride, the factory price of potassium carbonate fell slightly this week, from 9250.00 yuan/ton at the end of last week to 9237.50 yuan/ton at the end of this week, a decline of 0.14%, up 14.75% year on year. The factory price of potassium nitrate fell slightly this week, from 6162.50 yuan/ton at the end of last week to 6075.00 yuan/ton at the end of this week, a drop of 1.42%, 4.29% higher than the same period last year. On the whole, the downstream market of potassium chloride fell slightly, and downstream customers’ demand for potassium chloride weakened.

3、 Future market forecast

The overall trend of potassium chloride market in the middle and late November may be dominated by narrow shocks. The price of potassium chloride in Salt Lake and Zangger was adjusted at a low level. The downstream market of potassium chloride fell slightly, and the downstream demand was weakened, mainly for the purchase of steel. International potash fertilizer prices fell slightly. Potassium chloride analysts from the business community believe that the domestic potassium chloride import price may fall slightly in the short term.