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 stabilized at a low level. According to the Commodity Analysis System of Business Society, the price of potassium chloride is 2725 yuan/ton, a year-on-year decrease of 29.53%.

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 yuan/ton. The self raised price of 60% Dahong particles at the port is around 2700 yuan/ton. Border trade accounts for 62% of Russian white potassium at around 2400 yuan/ton.

From the downstream market situation of potassium chloride, the price of potassium carbonate in the market has slightly declined this week, dropping from 7360 yuan/ton at the beginning of the week to 7340 yuan/ton at the end of the week, a decrease of 0.27%, and a year-on-year decrease of 19.52% over the weekend. The market price of potassium nitrate slightly decreased this week, dropping from 5175 yuan/ton at the beginning of the week to 5150 yuan/ton over the weekend, a decrease of 0.48%. The weekend price fell by 13.59% 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 February, 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.