SunSirs: Potassium Carbonate Market fell this week (June 19-25)

https://www.chemnet.com   Jun 26,2023 SunSirs

　　According to the Commodity Market Analysis System of SunSirs, at the beginning of the week, the average ex factory including tax price of Shanxi's light potassium carbonate was 7,840.00 RMB/ton. On the weekend, the average ex factory including tax price of Shanxi's light potassium carbonate was 7,800.00 RMB/ton, a decrease of 0.51%. The price had decreased by 5.91% month on month, and the price had decreased by 22.96% year-on-year.

　　Analysis review

　　The price of potassium carbonate slightly decreased this week. From the above chart, it can be seen that the potassium carbonate market had been declining for three consecutive months recently, and the market continued to decline this week. The upstream potassium chloride market was lower, the cost support was poor, and the potash market was cold and quiet, the transaction was light, and the price dropped. According to statistics from SunSirs, the mainstream factory quotation range for industrial grade potassium carbonate in China this week was around 7,300-7,800 RMB/ton (for reference only), and the quotation varied depending on the procurement situation.

　　The domestic market of imported potassium chloride fell slightly this week, from 2,825.00 RMB/ton at the beginning of the week to 2,762.50 RMB/ton at the end of the week, a decline of 2.21%. On June 18, the potassium chloride (import) commodity index was 87.70 points, unchanged from the previous day, down 49.77% from the peak of 174.60 points (2022-06-21) in the cycle, and up 50.56% from the lowest point of 58.25 points on August 6, 2020. The overall trend of potassium chloride market in late June may fluctuate and fall in a narrow range, mainly finishing.

　　Market outlook

　　Recently, the domestic potash fertilizer market was weak and consolidated. The potassium chloride market fell, and the cost support was poor. It is expected that the price of potassium carbonate will fall mainly in the short term, and the long-term market still needs to wait and see.

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