High inventory pressure, potassium nitrate price fell in June

According to the data monitored by the business agency, on June 1, the domestic industrial grade first-class potassium nitrate was quoted at 4262.50 yuan / ton, while on June 29, it was 4187.50 yuan / ton, a decrease of 1.76%. The current price fell by 1.76% month on month, and the current price was 1.76% lower than that of last year.

 

Gamma PGA fertiliser

In June, the domestic market of potassium nitrate fell. On the whole, the operating rate of potassium nitrate manufacturers was at a low level, the overall inventory of potassium nitrate was acceptable, the downstream purchasing volume was on the low side, and a small amount of replenishment was made up. There was basically no stock situation, and the price of potassium nitrate fell. According to the statistics of the business agency: this week, the domestic mainstream manufacturers of potassium nitrate quoted 4000-4400 yuan / ton (the quotation is for reference only), and the quotations vary according to different purchasing situations.

 

In the near future, the domestic supply of potassium chloride in the upstream is sufficient. The port is in the process of arrival, among which the quantity of the southern port is higher than that of the northern port, and the overall source of imported potassium is at a high level, and the goods are moving slowly. The overall transaction of new orders is relatively slow, and the price remains stable. Limited support for potassium nitrate.

 

Potassium nitrate analysts of the business agency believe that: in the near future, the domestic potash fertilizer market trend is relatively stable, the domestic supply of goods is relatively sufficient, the inventory pressure is large, and the actual transaction is general. It is expected that the market price of potassium nitrate will mainly fall below in the short term.

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