1、 Price trend

According to the Commodity Analysis System of Business Society, the domestic market for imported potassium chloride has stabilized at a low level this week, with a price of 3512.50 yuan/ton. On April 16th, the potassium chloride (imported) commodity index was 111.51, unchanged from yesterday, a decrease of 36.13% from the cycle’s highest point of 174.60 points (2022-06-21), and an increase of 91.43% from the lowest point of 58.25 points on August 6th, 2020. (Note: The cycle refers to the period from March 1st, 2012 to present)

2、 Market analysis

The prices of mainstream domestic potassium chloride manufacturers are temporarily stable this week. The port’s 62% self raised price of white potassium is around 3200-3300 yuan/ton. The self raised price of 60% Dahong granules at the port is around 3150-3250 yuan/ton. Border trade accounts for 62% of Russian white potassium at around 2800-2900 yuan/ton.

From the downstream market situation of potassium chloride, the factory price of potassium carbonate has slightly decreased this week, from 8940.00 yuan/ton at the beginning of the week to 8840.00 yuan/ton at the weekend, a decrease of 1.12%. The weekend price has decreased by 2.50% compared to the same period last year. The factory price of potassium nitrate slightly decreased this week, from 5650.00 yuan/ton at the beginning of the week to 5575.00 yuan/ton at the weekend, a decrease of 1.33%, a year-on-year decrease of 20.92% compared to the same period last year. Overall, the downstream market for potassium chloride has slightly declined, and downstream customers’ demand for potassium chloride has weakened.

3、 Future Market Forecast

In late April, the overall trend of potassium chloride market may fluctuate and decline in a narrow range, with consolidation being the main trend. The prices of potassium chloride in salt lakes and Zangge have stabilized at low levels. The downstream market of potassium chloride has slightly declined, and downstream demand has weakened, with primary demand for procurement. International potassium fertilizer prices continue to decline. Potassium chloride analysts from Business Society believe that domestic potassium chloride import prices may slightly decline in the short term.