1、 Price trend

According to the Commodity Analysis System of Business Society, the domestic market for imported potassium chloride remained stable this week, with a price of 3080.00 yuan/ton, a year-on-year decrease of 20.77%. On December 25th, the potassium chloride (imported) commodity index was 97.78, unchanged from yesterday, a decrease of 44.00% from the highest point in the cycle of 174.60 points (2022-06-21), and an increase of 67.86% from the lowest point of 58.25 points on August 6th, 2020. (Note: The cycle refers to 2012-03-01 present)

2、 Market analysis

The prices of mainstream domestic potassium chloride distributors have remained stable this week. The arrival price of 60% white potassium in Qinghai is around 2860-2900 yuan/ton, and the self raised price of 62% white potassium at the port is around 2880-2900 yuan/ton. The self raised price of 60% Dahong particles at the port is around 2950-3050 yuan/ton. Border trade accounts for 62% of Russian white potassium at around 2750-2800 yuan/ton.

From the downstream market of potassium chloride, the price of potassium carbonate remained stable this week at 7530.00 yuan/ton, with a year-on-year decrease of 17.25% over the weekend. This week, the market price of potassium nitrate remained stable at 5450.00 yuan/ton, with a year-on-year decrease of 8.02% over the weekend. Overall, the downstream market for potassium chloride is consolidating at a low level, and downstream customers have weakened their demand for potassium chloride.

3、 Future Market Forecast

In late December, the overall trend of potassium chloride market may fluctuate and fall narrowly, with consolidation being the main trend. The prices of potassium chloride in salt lakes and Zangge are temporarily stable. The downstream market of potassium chloride is consolidating at a low level, with weakened downstream demand and a focus on essential procurement. The circulation of potassium chloride is tight, and the supply of goods at the port has slightly increased. Business Society’s potassium chloride analyst believes that domestic potassium chloride import prices may slightly decline in the short term.