Last week (April 29 May 3), the market supply was more abundant and the price of potassium chloride was stable.

May 6 China Potassium chloride Wholesale price index (CKPI) was 2217.44 points, down 0.52 points, or 0.02%, an increase of 120.44 points, or 5.74%, and a decrease of 1073.15 points over the base period. Supply situation: Domestic potassium, Qinghai Salt Lake Plant normal operation, Nissan 14000 tons or so; May Salt Lake Benchmark Products 60% Crystal powder to the station price unchanged, continue to maintain 2350 yuan/ton, but the rebate policy changed to 50 Yuan/ton; dealer Inventory is OK, the regional transaction price is stable, in 2200-2250 yuan/ton or so. Import potassium, port inventory is higher, maintained at about 2.05 million tons; 62% Russian white potassium offer to maintain about 2350-2400 yuan/ton, but the actual transaction price has a discount.

Border trade potassium aspect, the arrival quantity is less, according to the demand to take the goods mainly, 62% Russian white potassium quotation maintains 2150 yuan/ton about. Demand situation: Spring ploughing is basically over, only some rice fertilizer in northeast China, the demand for potash fertilizer is light.

Compound fertilizer enterprises began to stabilize, the overall construction rate of enterprises to maintain a high, the demand for potassium fertilizer has a certain support. International market: International potash demand suspended, last week international potassium chloride prices remained stable. On the price side, the fob prices of potassium chloride in Canada, the Russian Federation, Jordan, Israel, South-East Asia and Brazil remained stable at $253-298/ton, USD 236-311/ton, 263-287 USD/ton, USD 263-312/ton, 290-310 USD/ton, 340-350 USD/
Tons.
Table: International potassium chloride price change table
Products
Regional
Degree of change
(USD/T)
Spot price (USD/T)
2019-5-2
2019-4-25
Potassium chloride
(FOB Bulk)
Canada
0-0
253-298
253-298
Russian Federation
0-0
236-311
236-311
Jordan
0-0
263-287
263-287
Israel
0-0
263-312
263-312
CFR Southeast Asia
0-0
290-310
290-310
CFR Brazil
0-0
340-350

340-350

Data source: According to the relevant material collation Domestic market: The recent domestic potassium chloride market price is mixed. Association monitoring data show that domestic potassium chloride provinces wholesale prices, Fujian, Hunan, Jiangxi province Price compared to the previous week 50 Yuan/ton, 30 yuan/ton, 10 yuan/ton, Hainan, Hubei province prices compared to the previous week fell 50 Yuan/ton, 36.5 yuan/ton, other provinces prices remained stable

Import potassium chloride Provinces wholesale prices, Hubei, Hunan, Jiangxi Province price than the previous week rose 96.7 Yuan/ton, 50 Yuan/ton, 20 yuan/ton, Hainan Province price compared to the previous week down 50 yuan/ton, other provinces prices remained stable.
Table: Domestic potassium chloride price change table
Varieties
Provinces
2019-5-2
(RMB/ton)
2019-4-25
(RMB/ton)
Price
(RMB/ton)
Chain
Domestic potassium chloride
Wholesale price
Fujian
3,150.0
3,100.0
50
1.6%
Hunan
2,300.0
2,270.0
30
1.3%
Jiangxi
2,400.0
2,390.0
10
0.4%
Hubei
2,246.0
2,282.5
-36.5
-1.6%
Hainan
3,250.0
3,300.0
-50
-1.5%
Imported Potassium chloride
Wholesale price
Hubei
2,786.7
2,690.0
96.7
3.6%
Hunan
2,450.0
2,400.0
50
2.1%
Jiangxi
2,730.0
2,710.0
20
0.7%
Hainan
3,575.0
3,625.0
-50

-1.4%

Source: China Agricultural Capital Circulation Association At present, the supply of potash fertilizer market is still plentiful, the port potash fertilizer inventory is high, but the new single deal of potash fertilizer is insufficient, demand support is limited, potassium chloride price is stable. After the market, compound fertilizer enterprises into the summer fertilizer production cycle, the demand for potassium fertilizer increased, but the current supply of potash fertilizer is sufficient, dealer inventory is OK; international markets, international potash demand slowed down, short-term prices temporarily stable. In summary, it is expected that the domestic potassium chloride price in the short term will be stable operation, focusing on the demand for potash fertilizer.