Domestic Potassium News | The market atmosphere is not good, the price may continue to fall

June 12, 2024, 9:21 AM
Potassium World
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Highlights at a glance
Fertilizer prices, particularly for potassium chloride and potassium sulfate, are experiencing a downward trend due to weak demand and increased supply. Despite stable quotations from major traders, smaller sellers are offering lower prices, driving market competition. The port price for 62% white potassium chloride ranges between 5,250–5,300 yuan/ton, while border trade prices have dropped to as low as 4,850 yuan/ton. Domestically, 60% white potassium arrives at around 5,050–5,100 yuan/ton with steady but sluggish demand. Potassium sulfate markets are similarly affected, with Mannheim-process 52% powder priced at 5,400–5,500 yuan/ton and新疆-type 52% powder at 5,350–5,400 yuan/ton, both seeing limited transactions and growing rumors of further price cuts. Increased land arrivals and bearish market sentiment have boosted supply, while the off-season lull and reduced operating rates at compound fertilizer plants have dampened purchasing interest. With sales pressure mounting on producers
CNAUTO TDD-global