Price trend
According to the data monitored by SunSirs, the average price of light potassium carbonate in Shanxi at the beginning of October was 7,975.00 RMB/ton with tax, and the average price of light potassium carbonate in Shanxi at the end of October is 7,975.00 RMB/ton, and the lowest price in the month was 7,925.00 RMB/ton. The current price is the same month-on-month, and the current price has increased by 29.67% year-on-year.
Analysis review
In October, the potassium carbonate market first fell and then rose. From the monitoring data of SunSirs, it can be seen that after the price of potassium carbonate fell in October, it returned to the original point, and the price was the same as that at the beginning of the month. The potassium carbonate market is mainly affected by the relationship between supply and demand. The supply of potassium carbonate in the early stage was relatively sufficient, and the market fell. In the later stage, the supply of potassium carbonate in the market was tight, traders were reluctant to sell, and the market went up. According to the statistics of SunSirs: in October, the mainstream ex-factory quotation of industrial grade potassium carbonate in Shanxi was around 7,700-8,400 RMB/ton (quotations are for reference only), and the quotations varied according to the purchase situation.
The quotations of mainstream potassium chloride manufacturers have been temporarily stable recently: domestic potash fertilizers are in short supply. Although the manufacturers are fully producing, the operating rate is slightly lower and the self-sufficiency rate is insufficient. The international demand for potash fertilizer is strong, but the domestic supply of potash is in short supply. In the short-term, under the influence of supply and demand and raw materials, the potassium chloride market may consolidate at a high level.
Market outlook
Recently, the supply of potash fertilizer market is relatively in short supply, and the purchase of downstream factories maintains rigid demand. It is expected that the price of potassium carbonate will increase mainly in the short term, and the long-term market still needs to wait and see.
