Price Trend
According to the data monitored by business associations, the price of potassium nitrate in China has been consolidated this week, with little overall change. As of April 19, the price of domestic industrial grade first-class potassium nitrate was 4425 yuan/ton, and this week’s market consolidation was the main one.
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II. Market Analysis
Products: This week’s domestic potassium nitrate Market Trading atmosphere is cool, the overall inventory is at a low level, the start-up rate of manufacturers has decreased, downstream purchasing volume meets a small amount of replenishment, it is expected that in the short term, the main stable state, this week’s price changes little, domestic potassium nitrate mainstream manufacturers offer 4000-4500 yuan/ton.
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3. Future Market Forecast
Nitrate analysts of business associations believe that the recent nitric acid market is mainly consolidated, spot trading is not warm, and it is expected that the demand for potassium nitrate will hardly improve in the short term, and the market may continue to consolidate.
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