1、 Price trend

According to the commodity analysis system of the business community, the domestic market of imported Potassium chloride was at a low level this week, with a price of 2837.50 yuan/ton. On June 11, the Potassium chloride (import) commodity index was 90.08, unchanged from yesterday, 48.41% lower than the cycle’s highest point of 174.60 (2022-06-21), and 54.64% higher than 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 manufacturers is temporarily stable this week. The arrival price of 60% white potassium in Qinghai is around 2600-2700 yuan/ton, and the self raised price of 62% white potassium in ports is around 2600-2700 yuan/ton. The self raised price of 60% Dahong granules at the port is around 2900-3000 yuan/ton. Border trade accounts for 62% of Russian white potassium at around 2300-2400 yuan/ton.

From the downstream market of Potassium chloride, the price of potassium carbonate market fell slightly this week, from 8180.00 yuan/ton at the beginning of the week to 8120.00 yuan/ton at the end of the week, a drop of 0.73%, and the price at the weekend fell 17.98% year on year. The market price of Potassium nitrate was temporarily stable this week at 5100.00 yuan/ton, with a year-on-year decline of 33.22% over the weekend. On the whole, the downstream market of Potassium chloride declined 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 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 declined slightly, and the downstream demand was weakened, with rigid demand as 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.