SunSirs: This Week, the Potassium Carbonate Market Was Consolidating (March 11-15)

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

　　According to the commodity market analysis system of SunSirs, the mainstream ex factory price of Shanxi light potassium carbonate, including tax, was 7,300.00 RMB/ton this week. The price had decreased by 0.82% month on month and 19.78% year-on-year.

　　Analysis review

　　The price of potassium carbonate had stabilized this week. From the above chart, it can be seen that the potassium carbonate market mainly fluctuated slightly in the past three months, and the market remained stable this week. Recently, the market price of potassium chloride had been fluctuating and consolidating. Downstream demand remained low, and the potassium carbonate market was consolidating. According to statistics from SunSirs, the mainstream ex factory quotation range for industrial grade potassium carbonate in China this week was around 7,150-7,300 RMB/ton (for reference only), and the quotation varied depending on the procurement situation.

　　Recently, mainstream domestic potassium chloride manufacturers had seen fluctuations in their quotations. In mid to late March, the overall trend of the potassium chloride market may experience a narrow range of fluctuations and decline, with consolidation being the main trend. The prices of Saltlake and Zangge’s potassium chloride wre temporarily stable, but new transactions were limited. The downstream market for potassium chloride continued to decline, with weakened downstream demand and procurement mainly on-demand. Recently, international potassium fertilizer had also shown a weak trend. SunSirs' potassium chloride analyst believes that domestic potassium chloride import prices may slightly decline in the short term.

　　Market outlook

　　Recently, the market for potassium chloride in China had been consolidating, with downstream maintaining purchases on demand. It is expected that the price of potassium carbonate will mainly decline in the short term, while the long-term market still needs to wait and see.

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