1、 Price trend

According to the Commodity Analysis System of Shengyishe, the domestic market for imported potassium chloride remained stable this week (5.13-17), with little change in price compared to the previous weekend. As of the end of this week, the price of potassium chloride was quoted at 2516 yuan/ton, a decrease of 0.

2、 Market analysis

This week, the domestic potassium chloride market continued its previous consolidation trend, with a calm market performance. In terms of imports, the price of 60% potassium chloride is mostly between 2200-2500 yuan/ton. Due to the moderate arrival volume this month and the basic balance between supply and demand in the domestic market, there has been no surplus situation in the market, and the price remains rigid and strong. However, downstream factories generally have a resistance mentality towards high prices, and the current market is in a weak season. Most enterprises have 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 has slightly declined this week, dropping from 7270 yuan/ton last weekend to 7250 yuan/ton this weekend, a decrease of 0.28%. The potassium nitrate market has slightly increased, with an increase of 0.251%. The price has risen from 4950 yuan/ton last weekend to 4975 yuan/ton this weekend. 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

According to the data analyst from Business Society, the overall trend of potassium chloride market may continue to be weak in late May. 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 remains sluggish.