1、 Price trend
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According to the commodity analysis system of the business community, the price of imported potassium chloride in the domestic market fell sharply in May, from 3400.00 yuan/ton at the beginning of the month to 2850.00 yuan/ton at the end of the month, a decline of 16.18%. On May 30th, the potassium chloride (imported) commodity index was 92.06, unchanged from yesterday, a decrease of 47.27% from the cycle’s highest point of 174.60 points (2022-06-21), and an increase of 58.04% from the lowest point of 58.25 points on August 6th, 2020. (Note: The cycle refers to the period from March 1st, 2012 to present)
2、 Market analysis
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From the supply side perspective, the prices of mainstream domestic potassium chloride distributors have significantly decreased this month At the end of the month, 62% of the port’s white potassium was around 2800 yuan/ton, 60% of the port’s red particles were around 3000 yuan/ton, and 62% of the border trade’s Russian white potassium was around 2400 yuan/ton, all of which showed a decrease. The potassium chloride port has a storage capacity of approximately 2.4 to 2.5 million tons.
From the demand side, the market price of potassium carbonate fell sharply this month, from 8620.00 yuan/ton at the beginning of the month to 8180.00 yuan/ton at the end of the month, a decrease of 5.10%, and the price at the end of the month fell 15.89% year-on-year. The factory price of potassium nitrate has significantly decreased this month, from 5475.00 yuan/ton at the beginning of the month to 5100.00 yuan/ton at the end of the month, a decrease of 6.85%, a year-on-year decrease of 32.45% compared to the same period last year. Overall, the downstream market for potassium chloride has experienced a significant decline. Agricultural demand has weakened, industrial demand is average, the market has entered the off-season, and downstream enthusiasm for purchasing potassium chloride has weakened.
3、 Future Market Forecast
In mid to early June, the trend of potassium chloride market may fluctuate slightly, with consolidation being the main trend. Salt Lake and Zangge potassium chloride prices have stabilized at low levels, with contracts being the main focus. Downstream agricultural demand weakens, industrial demand is average, and procurement is mainly on demand. Supply exceeds demand, and the price of potassium chloride may fluctuate and fall in the future.
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