SunSirs: Supply Was Tight, and the Price of Potassium Sulfate Was Rising

https://www.chemnet.com   Nov 20,2023 SunSirs

Price trend

According to the monitoring of the commodity market analysis system of SunSirs, the price of potassium sulfate with a 50% content at the beginning of this week was 3,450 RMB/ton, and the price of potassium sulfate with a 50% content at the end of this week was 3,466 RMB/ton, with a price increase of 0.48%.

Analysis review

The domestic market price of potassium sulfate continued to rise, and the long-term shortage of resource-based potassium sulfate in the spot market resulted in insufficient supply. The production of the SDIC Luobupo potash plant was normal, there was no inventory in the factory, and the shipping volume was relatively slow. As of November 17th, the sales prices of traders in the market had mostly increased, with 52% of Luobupo powder potassium sulfate selling at prices ranging from 3,600 to 3,700 RMB/ton. In some regions, traders quoted prices higher than high-end mainstream prices.

The domestic potassium fertilizer market was mainly supplied by imported potassium, and the stock of ports and ports was at a high level. Most of the supply was concentrated in the hands of large traders, and the market circulation was relatively limited. The production of domestic manufacturers' devices was normal, and the railway was in a normal shipping state, but the supply of finished goods was relatively limited.

Market outlook

The supply of goods within the potassium sulfate plant was relatively limited, and prices were mostly adjusted with potassium chloride. It is expected that the domestic potassium fertilizer market prices may fluctuate to be stronger in the short term.

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