1、 Price trend

According to the price monitoring of the business agency, the potassium sulfate market continued to rise in November. At the beginning of the month, the price of 50% granules of Mannheim was about 2625 yuan / ton, and the price at the end of the month was about 2675 yuan / ton, with an increase of about 50 yuan / ton. The arrival price of 52% powder of Xinjiang state investment corporation Luoke is 2740 yuan / ton, and that of Qinghai water salt system is about 2475 yuan / ton.

2、 Market analysis

In November, potassium sulfate swept away the sluggish state of the past six months, and opened the road of slow recovery. Since the resumption of production in September, the price of resource-based products, such as potash, has been raised continuously since September due to the relatively limited production capacity and pre-sale of most of them. However, the operating rate of Qinghai manufacturers has been abnormal, the shortage of water and salt supply, and the price rise, to a certain extent, helped Mannheim potassium sulfate to stabilize the fatigue. The low price purchase of compound fertilizer enterprises has promoted the market of potassium sulfate.

The overall price of Mannheim potassium sulfate generally rose. The operating rate of the industry was relatively high, maintained at about 70-80%, which was still in the high-end. Most manufacturers had no inventory. Generally speaking, there was no great pressure on the potassium sulfate Market for the time being, but the downstream demand was insufficient. In the near future, it was mainly stable, medium and small scale upward. Under the support of the rapid rise of Xinjiang’s potash, the signs of follow-up and supplementary expansion have increased, with the performance of enterprises in the North highlighted. At the same time, the orders of some enterprises have been closed, and the orders of a few enterprises can be extended to the first ten days of December, and the orders of some enterprises can be extended to January next year. In the short and medium term, under the support of production cost, the wait-and-see atmosphere of potassium sulfate enterprises is still strong. In December, we focused on the order supply of potassium sulfate enterprises in Northeast China.

3、 Industrial chain

Upstream: potassium chloride has been continuously rising since September. In October, domestic potassium chloride has entered a state of continuous shortage of shipment. November is the “highlight” period of domestic potassium chloride. At present, the market price of 60% crystal of salt lake is mostly 1950-980 yuan / ton, and the price of imported potassium has also risen sharply this month. Due to the relatively high potassium sulfate supply, potassium chloride failed to follow. Recently, under the condition that the price of potassium chloride has reached a relatively high level and the supply of goods continues to be tight, the price of potassium sulfate has begun to keep falling back.

Downstream: the winter storage market is ready to move, and some enterprises have issued winter storage prices, which have been increased more than before. In the aspect of compound fertilizer, after the autumn market, the simple fertilizer changed its fatigued state, which led the compound fertilizer manufacturers to adjust their prices one after another, opening up the situation of winter storage and high opening.

4、 Future forecast

According to the analysts of the business agency, the cost of potassium sulfate raw materials has a certain support, the market is in consolidation operation, the price is stable in a small range, and the downstream demand shows no obvious rebound. It is expected that the market will be stable in the next month.