Price Trend

According to the price monitoring of business associations, the comprehensive price of potassium chloride has been stable this week. This week, the average price of potassium chloride mainstream comprehensive quotation is 2265.00 yuan/ton, which is 0.67% higher than the same period last year. Overall, the market for potassium chloride was stable this week, with the commodity index of potassium chloride at 71.90 on August 16.

II. Market Analysis

This week, the quotation of the main potassium chloride manufacturers is temporarily stable: Qinghai Salt Lake potassium chloride weekend ex-factory quotation is 2250 yuan/ton, compared with the beginning of the week, the quotation is temporarily stable; Anhui Badou potassium chloride weekend distribution quotation is 2280 yuan/ton, the quotation is temporarily stable. This week, the actual turnover of potassium chloride market is not good. On the whole, the main contradictions in the market are oversupply of supply, cold trading atmosphere, downstream purchasing just needs, low overall inventory, low purchasing market momentum and stable domestic market of potassium chloride.

3. Future Market Forecast

Late August potassium chloride market overall trend or low consolidation. After the adjustment in July, the capital reflux of each factory is in good condition, the equipment has been repaired and the production capacity has increased. However, the potassium chloride market is currently facing the pressure of three mountains, namely, the large stock of Hong Kong, weak demand and downward international prices. Therefore, the main contradiction in the current market is that supply exceeds demand. Potassium chloride analysts believe that the short-term potassium chloride market is consolidated at a low level under the influence of supply, demand and raw materials.