According to the data monitored by the business community, at the beginning of the month, the price of the first grade industrial potassium nitrate in Shanxi was 6800.00 yuan/ton, and at the end of the month, the price of the first grade industrial potassium nitrate in Shanxi was 6425.00 yuan/ton, a decrease of 5.51%. The current price rose 17.89% year on year.

potassium nitrate

In September, the domestic potassium nitrate market showed a downward trend. It can be seen from the figure above that the potassium nitrate market has declined for three consecutive months since 2022. This is mainly because the global potash fertilizer market is still sluggish and liquidity is low. The supply of domestic potassium manufacturers is normal, and the price has fallen more than once. The supply of goods in the market is still sufficient. Downstream procurement remained just in demand, the market transaction was relatively cold, and the potassium nitrate market fell in shock. According to the statistics of the business community, the domestic mainstream potassium nitrate manufacturers have recently quoted 6200-6500 yuan/ton (the quotation is for reference only), and the quotation varies according to the procurement situation.

The domestic market of imported potassium chloride fell in September. The self raised price of 62% white potassium at the port is about 3900-4200 yuan/ton. The self raised price of 60% Dahong granules at the port is about 3900-4200 yuan/ton. 62% of Russian white potassium in border trade is about 3800-4000 yuan/ton. The price of potassium chloride in Salt Lake and Zangger was adjusted at a high level, and there may be a downward adjustment plan in October.

The domestic supply of potassium chloride is sufficient, the price continues to fall, and the cost support is average. It is expected that the price of potassium nitrate will fall mainly in the short term, and the long-term market still needs to wait and see.