Before The Holiday, The Potassium Chloride Market Went This Way.
June 12, 2024, 9:21 AM
Jinlianchuang
3269
Guide
Highlights at a glance
The domestic potassium chloride market remains stable, with 60% crystal priced at 3,520–3,600 yuan/ton and imported 62% white potassium at 3,700–3,750 yuan/ton. Slight supply tightening due to plant maintenance has lifted low-end domestic prices by 20 yuan/ton. Imported potassium prices stay high despite weak demand, supported by concentrated supply (over 2.4 million tons in ports) among major traders. Border trade potassium saw price dips to 3,450 yuan/ton before recovering to 3,480–3,500 yuan/ton on limited downstream restocking. Demand remains cautious, with most purchases made just-in-time ahead of the Spring Festival. Market sentiment is influenced by expectations of delayed large contract signings and improved domestic logistics post-epidemic. While pre-holiday activity may briefly tighten supplies, a slightly softer market is possible after the holiday as buyers return cautiously. Key factors ahead include contract developments, Hong Kong inventory changes, and domestic producti
At present, the domestic potassium 60% crystal mainstream is 3,520-3,600 yuan/ton, the imported potassium 62% white potassium mainstream is 3,700-3,750 yuan/ton, and Laos potassium is 3,500-3,550 yuan/ton. The overall market has not changed much.
In terms of domestic potassium, the low-end prices of some traders have increased slightly due to the decrease in the operating rate of large-scale plants and the continuous shutdown and maintenance of small plants, which has slightly tightened the supply. The price of 60% crystal is mostly 3,520-3,600 yuan/ton, and the low end has slightly increased by 20 yuan/ton; The market price of 57% powder in small factories is 3200-3300 yuan/ton, but the market transactions are mainly discussed, and the follow-up of new orders is limited.
In terms of imported potassium, the market port stock is more than 2.4 million tons, most of which are concentrated in the hands of large traders, and the supply is highly concentrated, so the price has always remained at a high level in the case of weak demand. At present, most downstream markets purchase on demand, and some compound fertilizer factories do fertilizer preparation work before the Spring Festival. Affected by the market atmosphere and the possible extension of this year's big maritime contract, dealers are more cautious about taking goods and selling them. The transaction reference of 62% white potassium in the port is 3700-3750 yuan/ton, Russian red powder is 3600-3800 yuan/ton, and large particles are 3800-3900 yuan/ton.
In terms of border trade potassium, the supply of goods has successively crossed the shore. Under the insufficient demand follow-up, the low-end price of 62% white potassium fell to 3450 yuan/ton. Later this week, some downstream factories replenished a small amount to drive the market price back to 3480-3500 yuan/ton, and did not have a great impact on the port price.
Judging from the above situation, the market as a whole tends to be stable, except that the price of imported potassium and border trade areas fluctuates slightly by 20 yuan/ton. Affected by the off-season, the price in the early stage of the market decreased steadily and slightly, and the downstream market was cautious and the transaction atmosphere was weak. As the Spring Festival approaches and the domestic epidemic situation improves, manufacturers are making the last round of purchase and delivery, which will drive the market to be quite expensive.
The influencing factors in the later period of potassium chloride market mainly depend on the signing of large contracts, changes in Hong Kong deposits and the start-up of domestic potassium enterprises. Judging from the supply and demand situation, it is predicted that the market situation will not change much before the holiday. After the holiday, downstream users replenish their goods in place one after another, re-enter the market or tend to be cautious, and there is no lack of possibility of a slight loosening of the market.
In terms of domestic potassium, the low-end prices of some traders have increased slightly due to the decrease in the operating rate of large-scale plants and the continuous shutdown and maintenance of small plants, which has slightly tightened the supply. The price of 60% crystal is mostly 3,520-3,600 yuan/ton, and the low end has slightly increased by 20 yuan/ton; The market price of 57% powder in small factories is 3200-3300 yuan/ton, but the market transactions are mainly discussed, and the follow-up of new orders is limited.
In terms of imported potassium, the market port stock is more than 2.4 million tons, most of which are concentrated in the hands of large traders, and the supply is highly concentrated, so the price has always remained at a high level in the case of weak demand. At present, most downstream markets purchase on demand, and some compound fertilizer factories do fertilizer preparation work before the Spring Festival. Affected by the market atmosphere and the possible extension of this year's big maritime contract, dealers are more cautious about taking goods and selling them. The transaction reference of 62% white potassium in the port is 3700-3750 yuan/ton, Russian red powder is 3600-3800 yuan/ton, and large particles are 3800-3900 yuan/ton.
In terms of border trade potassium, the supply of goods has successively crossed the shore. Under the insufficient demand follow-up, the low-end price of 62% white potassium fell to 3450 yuan/ton. Later this week, some downstream factories replenished a small amount to drive the market price back to 3480-3500 yuan/ton, and did not have a great impact on the port price.
Judging from the above situation, the market as a whole tends to be stable, except that the price of imported potassium and border trade areas fluctuates slightly by 20 yuan/ton. Affected by the off-season, the price in the early stage of the market decreased steadily and slightly, and the downstream market was cautious and the transaction atmosphere was weak. As the Spring Festival approaches and the domestic epidemic situation improves, manufacturers are making the last round of purchase and delivery, which will drive the market to be quite expensive.
The influencing factors in the later period of potassium chloride market mainly depend on the signing of large contracts, changes in Hong Kong deposits and the start-up of domestic potassium enterprises. Judging from the supply and demand situation, it is predicted that the market situation will not change much before the holiday. After the holiday, downstream users replenish their goods in place one after another, re-enter the market or tend to be cautious, and there is no lack of possibility of a slight loosening of the market.
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June 12, 2024, 9:21 AM
June 12, 2024, 9:21 AM
