According to the commodity market analysis system of Shengyishe, at the beginning of the month, the price of Shanxi industrial grade first-class potassium nitrate was quoted at 5425.00 yuan/ton, and at the end of the month, the price of Shanxi industrial grade first-class potassium nitrate was quoted at 5175.00 yuan/ton, a decrease of 4.61%. The current price has dropped by 12.47% year-on-year.
potassium nitrate
In January, the domestic potassium nitrate market declined. As can be seen from the above chart, the potassium nitrate market has been fluctuating and declining for two consecutive months, and the market has continued to decline this month. The raw material market has significantly declined, with poor cost support and sufficient supply of potassium nitrate. Prices have continued to follow the decline in costs. According to statistics from Business Society, mainstream domestic potassium nitrate manufacturers have recently quoted 4900-5000 yuan/ton (for reference only), and the prices may vary depending on the procurement situation.
According to the Commodity Analysis System of Business Society, the overall trend of potassium chloride market in January was downward. The downstream market demand is sluggish, and the pressure on potassium chloride to sell has increased. This week, the domestic market price of imported potassium chloride has dropped significantly. According to the Commodity Analysis System of Business Society, the price of potassium chloride has dropped from 3080 yuan/ton at the beginning of the month to 2800 yuan/ton over the weekend, a decrease of 8.91%. The prices of potassium chloride in Salt Lake and Zangge are temporarily stable, but new transactions are limited. The downstream market for potassium chloride continues to decline, with weakened downstream demand and a focus on essential procurement. Recently, international potassium fertilizer has also shown a weak trend. Business Society’s potassium chloride analyst believes that domestic potassium chloride import prices may slightly decline in the short term.
At present, the domestic potassium chloride market has slightly improved, and the potassium nitrate market is at a low level. Downstream pre holiday stocking is expected, and it is expected that the price of potassium nitrate will mainly rebound from the bottom in the short term. The long-term market still needs to wait and see.
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