Nitrogen And Phosphorus Fly Bravely, Followed By Potassium Chloride
June 12, 2024, 9:21 AM
Jinchuang
2502
Explore the rising trends in phosphate and potash fertilizers, driven by market demands and winter storage activities in Northeast China.
Recently, the hottest topic in the fertilizer circle should be phosphate fertilizer. With the help of raw phosphate rock, sulfur and synthetic ammonia, the cost is high. With the start-up of winter storage, the enthusiasm of compound fertilizer manufacturers in Northeast China has been mobilized, the operating rate has increased slowly, and the demand for purchasing has emerged. This series of actions has pushed the phosphate fertilizer market to a fast rising channel.
From the perspective of nitrogenous fertilizer market, the phased purchase of urea export has increased, and the demand for later purchase still exists. In addition, futures stepped up strongly, and the mentality of the upstream market was firm. Under the influence of the demand side's fear of heights, although enterprises have the pressure of acquiring orders, the advantage of the game is subtly shifted from the downstream to the upstream due to the favorable factors such as waiting for delivery, export and futures.
And potassium chloride, which has been silent for a long time, also made a guest appearance in this market. The northeast market started, and compound fertilizer manufacturers started stocking. When the price of potash fertilizer was always high in the early stage, compound fertilizer manufacturers reduced the use of potassium and even gave up the purchase of potash fertilizer. However, the potash fertilizer has been falling for a long time, the market is exhausted, and the price has been continuously lowered. There is no lowest but lower. At present, nitrogen fertilizer and phosphate fertilizer are constantly rising, which brings certain cost pressure to the compound fertilizer market, so compound fertilizer manufacturers turn to inquire about potassium chloride.
Potash fertilizer following
The most outstanding performance is the Northeast Red Granule, whose price has risen to 3,550-3,600 yuan/ton, up by 150 yuan/ton. In fact, Israeli potassium and K+S both increased by 50-100 yuan/ton. Because compared with other varieties, the price is relatively low. The price increase has made some sources of goods in a tight state, and some traders even stopped selling. On the market, the number of people asking for goods and prices has increased, traders' mentality is firm, and potassium chloride has risen like this!
In fact, this is only a little stimulation to the potassium chloride market. For a long time, the potash market could not find a breakthrough. The international price keeps falling, and the low end of Brazilian granular potassium chloride has dropped to 570 USD/ton, breaking through the threshold of Indian/China contract price of 590 USD/ton. Domestically, the daily output of salt lakes is high, the inventory of superimposed ports is at a high level, and the market supply is sufficient. The demand has not been followed up, and the price has dropped again and again. All kinds of negative factors have exhausted the potash market. This time, taking advantage of the upward adjustment of other fertilizer varieties, potash fertilizer came to a wave of "touching porcelain".
From this purchasing group, traders account for the majority, followed by compound fertilizer manufacturers in Northeast China, and potassium sulfate manufacturers are still in a wait-and-see state. After all, the operating rate of potassium sulfate manufacturers in Mannheim is still low. After all, some manufacturers still have high-priced supplies in the early stage. After all, the cost inversion is still serious.
Generally speaking, supported by multiple favorable factors, such as the follow-up of winter storage demand and frequent traders' operations, the buying mentality also follows, and the trading center of potassium chloride may move upward in the short term. In the later period, we should also focus on the impact of the settlement price of Salt Lake and the monthly signing of border trade on the market.
From the perspective of nitrogenous fertilizer market, the phased purchase of urea export has increased, and the demand for later purchase still exists. In addition, futures stepped up strongly, and the mentality of the upstream market was firm. Under the influence of the demand side's fear of heights, although enterprises have the pressure of acquiring orders, the advantage of the game is subtly shifted from the downstream to the upstream due to the favorable factors such as waiting for delivery, export and futures.
And potassium chloride, which has been silent for a long time, also made a guest appearance in this market. The northeast market started, and compound fertilizer manufacturers started stocking. When the price of potash fertilizer was always high in the early stage, compound fertilizer manufacturers reduced the use of potassium and even gave up the purchase of potash fertilizer. However, the potash fertilizer has been falling for a long time, the market is exhausted, and the price has been continuously lowered. There is no lowest but lower. At present, nitrogen fertilizer and phosphate fertilizer are constantly rising, which brings certain cost pressure to the compound fertilizer market, so compound fertilizer manufacturers turn to inquire about potassium chloride.
Potash fertilizer following
The most outstanding performance is the Northeast Red Granule, whose price has risen to 3,550-3,600 yuan/ton, up by 150 yuan/ton. In fact, Israeli potassium and K+S both increased by 50-100 yuan/ton. Because compared with other varieties, the price is relatively low. The price increase has made some sources of goods in a tight state, and some traders even stopped selling. On the market, the number of people asking for goods and prices has increased, traders' mentality is firm, and potassium chloride has risen like this!
In fact, this is only a little stimulation to the potassium chloride market. For a long time, the potash market could not find a breakthrough. The international price keeps falling, and the low end of Brazilian granular potassium chloride has dropped to 570 USD/ton, breaking through the threshold of Indian/China contract price of 590 USD/ton. Domestically, the daily output of salt lakes is high, the inventory of superimposed ports is at a high level, and the market supply is sufficient. The demand has not been followed up, and the price has dropped again and again. All kinds of negative factors have exhausted the potash market. This time, taking advantage of the upward adjustment of other fertilizer varieties, potash fertilizer came to a wave of "touching porcelain".
From this purchasing group, traders account for the majority, followed by compound fertilizer manufacturers in Northeast China, and potassium sulfate manufacturers are still in a wait-and-see state. After all, the operating rate of potassium sulfate manufacturers in Mannheim is still low. After all, some manufacturers still have high-priced supplies in the early stage. After all, the cost inversion is still serious.
Generally speaking, supported by multiple favorable factors, such as the follow-up of winter storage demand and frequent traders' operations, the buying mentality also follows, and the trading center of potassium chloride may move upward in the short term. In the later period, we should also focus on the impact of the settlement price of Salt Lake and the monthly signing of border trade on the market.
Recommended for you
- International Fertilizer Market - Potash Giants Report First Quarter: Signs of Recovery in Potash Demand! Meanwhile, Russian Fertilizer Exports to the US Reach Annual High3364
- Phosphate Fertilizer Weekly Report: Supported by Pending Orders and Costs, Firm Prices2992
- Urea Weekly Review: Cautious Buying and Slow Follow-Up, Prices Hold Steady3030
- Urea Daily Review: Weakened Supply-Demand Support, Enterprises Lower Prices to Attract Orders3056
- Phosphate Fertilizer Daily Review: Pending Orders Support Prices, Stability in the Short Term3136
June 12, 2024, 9:21 AM
June 12, 2024, 9:21 AM