Domestic Potassium News | After the domestic rise, the overall price of potassium chloride is mainly stable

June 12, 2024, 9:21 AM

Potassium World

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Domestic potassium prices are rising due to increased salt lake costs, with 60% potassium chloride prices climbing from 4,880 yuan/ton to around 5,100 yuan/ton, though high-price transactions remain slow. Traders report limited supply but no immediate pressure. In contrast, imported potassium chloride prices remain stable, with 62% white potash at ports priced at 5,300–5,350 yuan/ton and border trade at 4,900–4,950 yuan/ton, allowing room for negotiation. The salt lake-driven increase has not triggered a broader market surge. Potassium sulfate prices stay firm, with manufacturers quoting high levels; current deals are mostly small. Mannheim process operating rates are slightly above 40%, still low despite some recovery. Ex-factory prices for 52% water-soluble powder average around 5,500 yuan/ton, lower in northern regions. Despite tight supply, weak downstream demand limits further price gains, suggesting potash prices may stabilize at current levels.

The increase in the price of salt lakes has driven the overall upward trend of domestic potassium prices, but the price of imported potassium chloride is mainly stable. After the new arrival price of 60% potassium chloride in Salt Lake at 4,880 yuan/ton was determined, traders have increased it one after another. At present, the arrival price in the market is mostly around 5,100 yuan/ton, and the transaction of new orders at high prices is slightly slow. However, traders said that there is no pressure on their limited supply. The price of imported potassium chloride is stable, the port 62% white potassium is around 5300-5350 yuan / ton, and the border trade price is stable at 4900-4950 yuan / ton, and there is a certain space for negotiation. In general, the chasing rise of Salt Lake has not prompted the overall price of potassium chloride to rise again.

The price of potassium sulfate is high and firm, but the quotations of manufacturers are high, and the market transactions are mainly small orders for the time being. The operating rate of Mannheim potassium sulfate manufacturers is slightly higher than 40%. Although there is a recovery, the operating rate is still significantly low. The ex-factory price of 52% fully water-soluble powdered potassium sulfate is mostly around 5,500 yuan / ton, and the price in the north is lower.

Although the supply side is still tight, but the support of downstream demand is insufficient, the price of potash fertilizer may remain at the current state.

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