1、 Price trend

According to the commodity analysis system of the business community, the price of imported Potassium chloride in the domestic market fell slightly in June, and the price of Potassium chloride fell from 2825.00 yuan/ton at the beginning of the month to 2775.00 yuan/ton at the end of the month, a drop of 1.77%. On June 27, the Potassium chloride (import) commodity index was 88.10, down 0.79 points from yesterday, down 49.54% from the cycle’s highest point of 174.60 (2022-06-21), and up 51.24% from the lowest point of 58.25 on August 6, 2020. (Note: The cycle refers to the period from March 1st, 2012 to present)

2、 Market analysis

Market situation of domestic imported Potassium chloride in June

From the supply side, the quotation of domestic mainstream Potassium chloride dealers fell slightly this month. The arrival price of Potassium chloride in Qinghai Salt Lake at the end of the month is about 2500 yuan/ton. At the end of the month, 62% of the port’s white potassium was around 2400-2500 yuan/ton, 60% of the port’s red particles were around 2800 yuan/ton, and 62% of the border trade’s Russian white potassium was around 2250 yuan/ton, all of which showed a decrease. The port stock of Potassium chloride is about 2.6-2.7 million tons.

From the demand side, the market price of potassium carbonate has significantly decreased this month, from 8180.00 yuan/ton at the beginning of the month to 7760.00 yuan/ton at the end of the month, a decrease of 5.13%. The price at the end of the month has decreased by 23.36% compared to the same period last year. The ex factory price of Potassium nitrate rose slightly this month, from 5100.00 yuan/ton at the beginning of the month to 5400.00 yuan/ton at the end of the month, an increase of 5.88%, and a year-on-year decrease of 29.30%. On the whole, the downstream market of Potassium chloride has ups and downs. The agricultural demand is weak, the industrial demand is general, the market has entered the slack season, and the downstream purchasing enthusiasm for Potassium chloride has weakened.

3、 Future Market Forecast

The market trend of Potassium chloride in the first ten days of July may slightly fluctuate and fall, mainly finishing. The price of Potassium chloride in Salt Lake and Zangger was adjusted at a low level, mainly based on contracts. Downstream agricultural demand weakens, industrial demand is average, and procurement is mainly on demand. Supply exceeds demand, and the price of Potassium chloride may fall in the future.