SunSirs: The Potassium Carbonate Market Has Declined This Week (January 15-19)

https://www.chemnet.com   Jan 19,2024 SunSirs

　　Price trend

　　According to the commodity market analysis system of SunSirs, the average ex factory price of Shanxi light potassium carbonate, including tax, was 7,440.00 RMB/ton at the beginning of the week. On the weekend, the average ex factory price of Shanxi light potassium carbonate, including tax, is 7,400.00 RMB/ton, a decrease of 0.54%. The current price has decreased by 1.73% compared to the previous year, and the current price has dropped by 18.68% year-on-year.

　　Analysis review

　　The price of potassium carbonate has fallen this week. From the above chart, it can be seen that the potassium carbonate market has mainly experienced a slight decline in the past two months, and this week's market continues to decline slightly. The supply of potassium chloride continues to increase, and the price of imported 62% white potassium is mostly between 2,450-2,550 RMB/ton, with poor cost support. Downstream demand generally maintains essential procurement, and market transactions are light, resulting in a decline in the potassium carbonate market. According to statistics from Business Society, the mainstream ex factory quotation range for industrial grade potassium carbonate in China this week is around 7,200-7,300 RMB/ton (for reference only), and the quotation varies depending on the procurement situation.

　　Recently, the domestic market for potassium chloride has declined. Domestic potassium: The market price of 60% crystal is mostly between 2,600-2,860 RMB/ton, while the reference price for 57% powder in small factories in Qinghai is 2,300-2,400 RMB/ton. In border trade areas, the price of 62% Russian white potassium is mostly between 2,450-2,480 RMB/ton, while in ports, the price of 62% white potassium is mostly between 2,500-2,600 RMB/ton, a decrease of 50 RMB/ton. In ports, the price of large particles is between 2,700-2,750 RMB/ton, while in Laos, the price is between 2,400-2,420 RMB/ton, a decrease of 60 RMB/ton.

　　Market outlook

　　Recently, the domestic supply of potassium chloride has continued to increase, and the market is operating at a low level with poor cost support. It is expected that the potassium carbonate market will mainly experience a slight decline in the short term. The long-term market still needs to be watched.

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