1、 Price trend

As can be seen from the figure above, the domestic market of imported potassium chloride fell slightly this week, with the price falling from 4066.67 yuan/ton at the end of last week to 3933.33 yuan/ton at the end of this week, down 3.28%. The arrival price of potassium chloride in domestic salt lakes this week is 3660-3880 yuan/ton. On October 16, the potassium chloride (import) commodity index was 103.51, unchanged from yesterday, 28.49% lower than the cycle’s highest point of 144.74 (2022-06-21), and 7.03% higher than the lowest point of 96.71 on September 16, 2021. (Note: Period refers to 2021-09-01 to now)

2、 Market analysis

The quotation of domestic mainstream potassium chloride manufacturers fell slightly this week: the arrival price of 60% potassium chloride in Qinghai Salt Lake was 3660-3880 yuan/ton. Xiangyang Youdeshi’s potassium chloride dealer quoted 3800 yuan/ton this weekend, down 200 yuan/ton compared with last weekend. Zibo Dehe’s potassium chloride dealer quoted 4200 yuan/ton this weekend, which was temporarily stable compared with last weekend. Anhui Badou’s potassium chloride dealer quoted 3800 yuan/ton this weekend, down 200 yuan/ton compared with last weekend. The self raised price of 62% white potassium at the port is about 3700-3900 yuan/ton. The self raised price of 60% Dahong granules at the port is about 3700-3900 yuan/ton. 62% of Russian white potassium in border trade is about 3600-3700 yuan/ton.

From the downstream market of potassium chloride, the factory price of potassium carbonate fell slightly this week, from 9375.00 yuan/ton at the end of last week to 9300.00 yuan/ton at the end of this week, a drop of 0.80%, 17.35% higher than the same period last year. This week, the factory price of potassium nitrate was adjusted at a low level, at 6425.00 yuan/ton, up 18.43% year on year. On the whole, the downstream market of potassium chloride fell slightly, and downstream customers’ demand for potassium chloride weakened.

3、 Future market forecast

In the middle and late October, the overall trend of potassium chloride market was dominated by narrow shocks. The price of potassium chloride in Salt Lake and Zangger was adjusted at a low level. The downstream market of potassium chloride fell slightly, and the downstream demand was weakened, mainly for the purchase of steel. International potash fertilizer prices fell slightly. Potassium chloride analysts from the business community believe that the domestic potassium chloride import price may fall slightly in the short term.