Domestic Potassium News | Better Needs More Support

June 12, 2024, 9:21 AM

Potassium world

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Highlights at a glance

The global potash fertilizer market remains weak amid persistent bearish sentiment, despite efforts by some sectors to stabilize prices. Negative rumors, including unconfirmed reports of major contract signings, continue to undermine market confidence. Although inflows of potassium chloride via China-Europe rail and border trade have declined, ample domestic and port inventories contribute to oversupply concerns. With no urgent demand from buyers, pessimism deepens. K-type potassium sulfate plants operate at low rates, sales remain sluggish, and prices are under pressure, though regional price gaps between north and south are narrowing. The compound fertilizer sector also shows weak performance, reflecting broader market uncertainty. Overall, potash prices lack strong support, and recovery hinges on improved downstream demand and restored market confidence.

At present, the overall potash fertilizer market is still weak. Although many industries want to maintain stability, there are reasons for it, but the panic in the middle and lower market is temporarily difficult to remove, and the prices sometimes fall. There are always negative rumors in the market, such as unfounded rumors that various versions of big contracts have been signed. Although the arrival of potassium chloride from land transportation in China-Europe trains and border trade has decreased significantly, the market thinks that domestic potassium and imported potassium from ports are still abundant, and when there is no rush to purchase, the negative rumors gradually affect the mood, leading to deepening bearish expectations.

The operating rate of K-type potassium sulfate processing plant continues to be low, the sales of potassium sulfate are deserted, and the price is upside down. However, the price difference between the north and the south is shrinking. Although it can't be called "holding a group to keep warm", it almost feels like "last stand".

The market of compound fertilizer is not ideal, the market confidence is insufficient, and the price of potash fertilizer needs more support to improve.

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