1、 Price trend

According to the Commodity Analysis System of Shengyishe, the domestic market for imported potassium chloride remained stable this week, with no significant changes in prices compared to the previous week. As of the weekend, the price of potassium chloride was around 2533 yuan/ton, with no increase or decrease.

2、 Market analysis

This week, the domestic potassium chloride market failed to continue the upward trend of last week, and prices stabilized this week. In terms of imports, the price of 60% potassium chloride is mostly between 2200-2500 yuan/ton. Due to the low arrival volume in April, the domestic market performance is basically balanced between supply and demand, and the price remains rigid and strong. However, downstream factories generally have a resistance to price increases, and the peak season for spring plowing procurement is gradually coming to an end. Most enterprises have already replenished their inventory in the early stage, and the demand for compound fertilizer manufacturers is decreasing.

From the downstream market of potassium chloride, the performance of the downstream potassium fertilizer market is average, with price fluctuations varying and not significant. The market price of potassium carbonate slightly increased this week, dropping from 7250 yuan/ton at the beginning of the week to 7260 yuan/ton at the end of the week, with an increase of only 0.1%. The market price of potassium nitrate slightly decreased this week, dropping from 1975 yuan/ton at the beginning of the week to 4962 yuan/ton at the end of the week, an increase of 0.25%. Overall, the downstream market for potassium chloride is sluggish, which may pose a constraint on potassium chloride in the later stage.

3、 Future Market Forecast

In late April, the overall trend of potassium chloride market may turn weak and consolidation oriented. The prices of potassium chloride in salt lakes and Zangge are temporarily stable. The downstream market of potassium chloride has temporarily remained sluggish, but with the weakening of agricultural demand in Northeast China and the weakening of potassium fertilizer demand, potassium chloride procurement may show a downward trend, and compound fertilizer factories mainly produce nitrogen fertilizer. Therefore, the price of potassium chloride may fall weakly.