SunSirs: Potassium Nitrate Market Rose This Week (July 10-14)

https://www.chemnet.com   Jul 17,2023 SunSirs

　　Price trend

　　According to the commodity market analysis system of SunSirs, at the beginning of the week, potassium nitrate, a first-class industrial product in Shanxi, was quoted at 5,525 RMB/ton, and at the weekend, potassium nitrate, was quoted at 5,550 RMB/ton, up 0.45%, up 7.77% month on month, and down 23.97% year on year.

　　Analysis review

　　The domestic potassium nitrate market rose this week. It can be seen from data of SunSirs that the recent potassium nitrate market rose for five consecutive weeks, and the market continued to explore this week. Potassium nitrate inventory was low, downstream demand was good, market transactions were positive, and potassium nitrate market rose. According to the statistics of SunSirs, this week, the mainstream manufacturers of potassium nitrate in China quoted 5,400-5,800 RMB/ton (the quotation was for reference only), which varied according to the procurement situation.

　　Recently, the overall trend of potassium chloride market might be down in a narrow range, mainly finishing. Saltlake and Zangger potassium chloride prices were adjusted at a low level. Downstream demand was average, and procurement was mainly in needed. International potassium fertilizer prices continued to decline. Potassium chloride analysts from SunSirs believe that the domestic potassium chloride import price may fall slightly in the short term.

　　Market outlook

　　Recently, the overall fluctuation of the domestic potassium chloride market is small, but the potassium nitrate inventory continues to tighten. It is expected that the price of potassium nitrate will mainly rise in the short term, and the long-term market still needs to wait and see.

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