According to data monitored by the Business News Agency, at the beginning of the week, Shanxi’s industrial grade first class potassium nitrate was reported at 5940 yuan/ton, while at the end of the week, Shanxi’s industrial grade first class potassium nitrate was reported at 5900 yuan/ton, down 0.67% and up 0.43% month on month. The current price has dropped 16.31% year-on-year.
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potassium nitrate
The domestic potassium nitrate market has fluctuated and declined this week. As can be seen from the above figure, the recent potassium nitrate market has fluctuated slightly, and the market has declined this week. Domestic potassium manufacturers have sufficient supply, with a significant increase in supply from border trade sources and a decrease in prices. The potassium nitrate market was poorly traded, with prices falling. According to statistics from the Business News Agency, mainstream domestic potassium nitrate manufacturers have quoted 5600-5900 yuan/ton this week (for reference only). The prices vary depending on the procurement situation.
Recently, the quotations of mainstream domestic potassium chloride manufacturers have fallen: currently, 62% of white potassium in border trade is 3350-3500 yuan/ton, with high spot prices. Yingkou Port quoted a price of 3650-3700 yuan/ton for 62% white potassium, Zhanjiang Port quoted a price of 3600-3650 yuan/ton for 62% white potassium, and Fangcheng Port quoted a price of 3600-3650 yuan/ton for 62% white potassium.
The domestic potash fertilizer market has seen a further decline in prices, with general cost support, and downstream purchases that are just needed. It is expected that the price of potassium nitrate will mainly decline in the short term, while the long-term market still needs to wait and see. (The above prices are provided by major manufacturers of potassium nitrate throughout the country and analyzed by potassium carbonate analysts from the business community. They are for reference only. For more price details, please contact relevant manufacturers for consultation.).
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