I. price trend
According to the data monitored by the business association, the price of domestic potassium nitrate fluctuated and consolidated this week. The price of domestic industrial grade first-class potassium nitrate in this week was 4362.50 yuan / ton, and the current price was 4.90% lower than last year.
II. Market analysis
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Product: this week, the domestic potassium nitrate Market was in a shock consolidation, with a general trading atmosphere and a general downstream demand. It was in a stable period of consumption, with a relatively stable supply and demand, and the market was in a consolidation state. As a whole, the operating rate of potassium nitrate manufacturers is at a low level, so the overall inventory of potassium nitrate is at a low level, there is no sales pressure for the time being, and the downstream purchase volume is on the low side for a small amount of replenishment, basically there is no stock situation, and the price of potassium nitrate is volatile and consolidated. Domestic mainstream manufacturers of potassium nitrate offer 4200-4500 yuan / ton.
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III. future forecast
According to analysts of potassium nitrate of the business association, the market of potassium nitrate this week is volatile and consolidated. It is over half of October. The traditional peak season of “nine gold and ten silver” still hasn’t improved. Spot trading is tepid and tepid. It is expected that the demand for potassium nitrate will hardly change greatly in the short term. The market may be consolidated and operated.
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