1、 Price trend

According to the Commodity Analysis System of Business Society, the domestic market for imported potassium chloride remained stable this week, with a price of 3080.00 yuan/ton, a year-on-year decrease of 21.53%. On December 18th, the potassium chloride (imported) commodity index was 97.78, unchanged from yesterday, a decrease of 44.00% from the highest point in the cycle of 174.60 points (2022-06-21), and an increase of 67.86% from the lowest point of 58.25 points on August 6th, 2020. (Note: The cycle refers to 2012-03-01 present)

2、 Market analysis

The prices of mainstream domestic potassium chloride distributors have remained stable this week. The arrival price of 60% white potassium in Qinghai is around 2900 yuan/ton, and the self raised price of 62% white potassium at the port is around 2900 yuan/ton. The self raised price of 60% Dahong particles at the port is around 3000-3100 yuan/ton. Border trade accounts for 62% of Russian white potassium at around 2850 yuan/ton.

From the downstream market situation of potassium chloride, the price of potassium carbonate in the market has slightly declined this week, dropping from 7550.00 yuan/ton at the beginning of the week to 7530.00 yuan/ton at the end of the week, a decrease of 0.26%, and a year-on-year decrease of 17.93% over the weekend. The market price of potassium nitrate slightly decreased this week, dropping from 5475.00 yuan/ton at the beginning of the week to 5450.00 yuan/ton over the weekend, a decrease of 0.46%. The weekend price fell by 6.84% year-on-year. Overall, the downstream market for potassium chloride has slightly declined, and downstream customers have weakened their demand for potassium chloride.

3、 Future Market Forecast

In late December, the overall trend of potassium chloride market may fluctuate and fall narrowly, with consolidation being the main trend. The prices of potassium chloride in salt lakes and Zangge are temporarily stable. The downstream market of potassium chloride has slightly declined, and downstream demand has weakened, with rigid demand procurement being the main focus. The circulation of potassium chloride is tight, and the supply of goods at the port has slightly increased. Business Society’s potassium chloride analyst believes that domestic potassium chloride import prices may slightly decline in the short term.