Last week (April 8, 2019 – April 12, 2019), the market as a whole closed normally, the price of potassium chloride temporarily stabilized. On April 15, China’s Wholesale Potassium Chloride Price Index (CKPI) was 2217.85 points, down 0.92 points, or 0.04% annually; it rose 118.25 points, or 5.63% year-on-year; and it fell 1072.75 points, or 32.60%, in the bi-base period.
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Supply Situation: In terms of domestic potassium, Qinghai Salt Lake plant operates normally with a daily output of about 14,000 tons; the arrival price of 60% crystal powder for the base product will continue to maintain 2,350 yuan/ton, and the rebate policy will be 50-70 yuan/ton. On the import of potassium, new sources of goods continued to arrive, port stocks maintained around 2.18 million tons; traders slowed down shipments, port potassium prices rose slightly, 62% Russian-white potassium quotation rose to about 2350-2340 yuan/ton. In terms of border potassium trade, the market demand in Northeast China has started, and the volume of border potassium trade has increased slightly. The quotation of 62% Russian-white potassium has maintained about 2150 yuan/ton.
Demand: High nitrogen fertilizer is the main fertilizer for agricultural spring tillage, but the demand for potassium fertilizer is insufficient. The basic distributors of compound fertilizer have increased their delivery, and the start-up rate of enterprises is temporarily stable. The overall start-up rate is about 46.91%, which is the same as last week, an increase of 5.09 percentage points over the same period last year.
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International market: International potassium chloride prices were basically stable last week. In the United States, the price of potash fell slightly; in Europe, the price of high-end fertilizer rose slightly. In terms of price, the high-end offshore price of Jordan’s potassium chloride increased by $3 per ton to $267-290 per ton; the offshore prices of Canada, Russia, Israel, Southeast Asia and Brazil remained stable, ranging from $257-299 to $244-311, from $267 to $311, from $295 to $315 and from $340 to $350 per ton, respectively.
Table: International Potassium Chloride Price Change Table
产品
product
区域
region
涨跌幅度
Ups and downs
（美元/吨）
(US Dollars/Tons)
现货价格（美元/吨）
Spot price (US dollar/ton)
2019-4-11
2019-4-11
2019-4-4
2019-4-4
氯化钾
potassium chloride
(FOB散装)
(FOB bulk)
加拿大
Canada
0-0
0-0
257-299
257-299
257-299
257-299
俄联邦
Russian Federation
0-0
0-0
244-311
244-311
244-311
244-311
约旦
Jordan
0-↑3
0- 3
267-290
267-290
267-287
267-287
以色列
Israel
0-0
0-0
267-311
267-311
267-311
267-311
CFR东南亚
CFR Southeast Asia
0-0
0-0
295-315
295-315
295-315
295-315
CFR巴西
CFR Brazil
0-0
0-0
340-350
340-350
340-350
340-350
Source of data: collated according to relevant materials
Domestic market: The price of potassium chloride in domestic market has been rising and falling in recent years. According to the monitoring data of the association, the wholesale prices of domestic potassium chloride provinces increased by 50 yuan/ton in Shanghai compared with the previous week, and fell by 5 yuan/ton in Zhejiang Province, while those of other provinces remained stable. In the wholesale prices of imported potassium chloride provinces, the prices of Hubei, Shanghai and Guangdong increased by 123.3 yuan/ton, 20 yuan/ton and 20 yuan/ton respectively compared with the previous week, while those of Hunan and Fujian provinces increased by 123.3 yuan/ton, 20 yuan/ton respectively. Prices in other provinces fell by 100 yuan/ton and 33.3 yuan/ton respectively compared with the previous week, while prices in other provinces remained stable.
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Table: Price Change Table of Potassium Chloride in China
品种
Varieties
省份
Province
2019-4-11
2019-4-11
(元/吨)
(yuan / ton)
2019-4-4
2019-4-4
(元/吨)
(yuan / ton)
涨跌幅
Ups and downs
(元/吨)
(yuan / ton)
环比
Chain ratio
国产氯化钾
Domestic potassium chloride
批发价
Trade price
上海
Shanghai
2,210.0
Two thousand two hundred and ten
2,160.0
Two thousand one hundred and sixty
50
Fifty
2.3%
2.3%
浙江
Zhejiang
2,230.0
Two thousand two hundred and thirty
2,235.0
Two thousand two hundred and thirty-five
-5
-5
-0.2%
-0.2%
进口氯化钾
Import potassium chloride
批发价
Trade price
湖北
Hubei
2,803.3
Two thousand eight hundred and three point three
2,680.0
Two thousand six hundred and eighty
123.3
One hundred and twenty-three point three
4.6%
4.6%
上海
Shanghai
2,230.0
Two thousand two hundred and thirty
2,210.0
Two thousand two hundred and ten
20
Twenty
0.9%
0.9%
广东
Guangdong
2,470.0
Two thousand four hundred and seventy
2,450.0
Two thousand four hundred and fifty
20
Twenty
0.8%
0.8%
福建
Fujian
2,816.7
Two thousand eight hundred and sixteen point seven
2,850.0
Two thousand eight hundred and fifty
-33.3
-33.3
-1.2%
-1.2%
湖南
Hunan
2,400.0
Two thousand and four hundred
2,500.0
Two thousand and five hundred
-100
-100
-4.0%
-4.0%
Data Source: China Agricultural Circulation Association
At present, the demand for fertilizer in Northeast China is warming up, but the quantity of potassium arrived at the port is increasing and the stock is large. The market supply is still sufficient, and the price of potassium chloride is temporarily stable. In the future, when spring tillage fertilizer entered the late stage, the demand for chemical fertilizer decreased, and the potassium fertilizer market had more stocks, which supported the price weakly. In the international market, the demand for international potassium fertilizer was delayed and the price was stable in the short term. In conclusion, it is expected that the domestic price of potassium chloride will continue to be weaker in the short term, focusing on the arrival and inventory of potassium in ports.
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