1、 Price trend

As can be seen from the figure above, the domestic market of imported potassium chloride rose slightly this week, with the price rising from 3883.33 yuan/ton at the weekend to 3900.00 yuan/ton at the weekend, up 0.43%. The arrival price of potassium chloride in domestic salt lakes this week is 3500-3600 yuan/ton. On December 18, the potassium chloride (import) commodity index was 102.63, unchanged from yesterday, 29.09% lower than the cycle’s highest point of 144.74 (2022-06-21), and 6.12% higher than the lowest point of 96.71 on September 16, 2021. (Note: Period refers to 2021-09-01 to now)

2、 Market analysis

The quotation of domestic mainstream potassium chloride manufacturers rose slightly this week.

From the downstream market of potassium chloride, the factory price of potassium carbonate fell slightly this week, from 9225.00 yuan/ton at the end of last week to 9175.00 yuan/ton at the end of this week, a drop of 0.54%, 12.81% higher than the same period last year. The factory price of potassium nitrate fell slightly this week, from 5875.00 yuan/ton at the weekend to 5850.00 yuan/ton at the weekend, a drop of 0.43%, 0.85% lower than the same period last year. On the whole, the downstream market of potassium chloride fell slightly, and downstream customers’ demand for potassium chloride weakened.

3、 Future market forecast

The overall trend of potassium chloride market in late December was dominated by narrow shocks. The price of potassium chloride in Salt Lake and Zangger was adjusted at a low level. The downstream market of potassium chloride fell slightly, and the downstream demand was weakened, mainly for the purchase of steel. International potash fertilizer prices continued to fall. Potassium chloride analysts from the business community believe that the domestic potassium chloride import price may fall slightly in the short term.