1、 Price trend

It can be seen from the above figure that the domestic market of imported potassium chloride fell slightly this week, with the price falling from 4900.00 yuan / ton at the end of last week to 4633.33 yuan / ton at the end of this week, a decrease of 5.44%. This week, the factory price of domestic potassium chloride was temporarily stable. This week, the factory price of potassium chloride in domestic salt lakes was 4480 yuan / ton. On September 4, the potassium chloride (import) commodity index was 121.93, which was the same as yesterday, down 15.76% from 144.74 points (June 21, 2022), the highest point in the cycle, and up 26.08% from 96.71 points, the lowest point on September 16, 2021. (Note: period refers to September 1, 2021 to now)

2、 Market analysis

This week, the quotations of mainstream domestic potassium chloride manufacturers fell slightly: the ex factory price of Qinghai Salt Lake potassium chloride at the weekend was about 4480 yuan / ton. Xiangyang youdeshi’s potassium chloride distribution quotation this weekend was 4400 yuan / ton, down 500 yuan / ton compared with the beginning of the week. Zibo Dehe’s potassium chloride distribution quotation this weekend is 4850 yuan / ton, which is temporarily stable compared with the beginning of this week. Anhui Badou’s potassium chloride distribution quotation this weekend was 4650 yuan / ton, down 300 yuan / ton compared with last weekend. The price of 62% white potassium at the port is about 4400-4500 yuan / ton. The self raised price of 60% Dahong granules at the port is about 4500-4600 yuan / ton. 62% of Russian White potassium in border trade is about 4300 yuan / ton. The arrival price of 60% white potassium in Qinghai is about 4880 yuan / ton.

From the downstream market of potassium chloride, the factory price of potassium carbonate fell slightly this week, from 9525.00 yuan / ton at the end of last week to 9475.00 yuan / ton at the end of this week, a decrease of 0.52%, and a year-on-year increase of 15.02%. This week, the factory price of potassium nitrate fell slightly, from 6825.00 yuan / ton at the end of last week to 6800.00 yuan / ton at the end of this week, down 0.37%, up 20.35% year-on-year compared with the same period last year. On the whole, the downstream market of potassium chloride declined slightly, and the demand of downstream customers for potassium chloride weakened.

3、 Future forecast

In the first ten days of September, the overall trend of potassium chloride market was dominated by narrow fluctuation and decline. The price of potassium chloride in Salt Lake and zangge has been consolidated at a high level, the downstream market of potassium chloride has declined slightly, the downstream demand has weakened, and the purchase is just needed. International potash fertilizer prices fell slightly. Analysts of potassium chloride of business club believe that the import price of domestic potassium chloride may drop slightly in the short term.