According to data monitored by the Business News Agency, at the beginning of the month, Shanxi’s industrial grade first class potassium nitrate was quoted at 5940.00 yuan/ton, while at the end of the month, Shanxi’s industrial grade first class potassium nitrate was quoted at 5725.00 yuan/ton, a decrease of 3.62%. The current price has decreased by 18.79% year-on-year.

potassium nitrate

In March, the domestic potassium nitrate market fell. From the figure above, it can be seen that the potassium nitrate market has been fluctuating and falling for five consecutive months since 2023, and the market continues to decline this month. The raw material potassium chloride market has declined, with poor cost support. The potassium nitrate market has seen a light turnover and a decline in the market. According to statistics from the Business News Agency, the mainstream domestic potassium nitrate manufacturers have recently quoted 5500-5900 yuan/ton (for reference only), which varies depending on the procurement situation.

In March, the quotations of mainstream domestic potassium chloride manufacturers fluctuated and fell: currently, the market sales price of domestic potassium chloride 60% crystal is about 3200-3500 yuan/ton. In terms of imported potassium, the price of imported 62% white potassium is mostly 3300-3500 yuan/ton, and the price of large particle red potassium is 3500-3600 yuan/ton. “Border trade has seen the arrival of white potassium in succession, and the supply and sales of goods are slightly difficult. The surrounding manufacturers mainly purchase on demand, and the demand has significantly decreased.”. Currently, the price of 62% white potassium at ports is mostly 3100-3150 yuan/ton.

Currently, the domestic potash fertilizer market is in a weak downward trend, with poor cost support. It is expected that the price of potassium nitrate will mainly fall below in the short term, while the long-term market still needs to wait and see.