1、 Price trend

According to the commodity analysis system of the business community, the price of imported Potassium chloride in the domestic market fell slightly in July, and the price of Potassium chloride fell from 2775.00 yuan/ton at the beginning of the month to 2725.00 yuan/ton at the end of the month, a decrease of 1.80%. On July 30, the Potassium chloride (import) commodity index was 86.51, unchanged from yesterday, 50.45% lower than the cycle’s highest point of 174.60 (2022-06-21), and 48.52% higher than the lowest point of 58.25 on August 6, 2020. (Note: The cycle refers to the period from March 1st, 2012 to present)

2、 Market analysis

From the supply side, the quotation of domestic mainstream Potassium chloride dealers fell slightly this month. The arrival price of Potassium chloride in Qinghai Salt Lake at the end of the month is about 2400 yuan/ton. At the end of the month, 62% of the port’s white potassium was around 2400-2500 yuan/ton, 60% of the port’s red particles were around 2600-2700 yuan/ton, and 62% of the border trade’s Russian white potassium was around 2200-2300 yuan/ton. The port stock of Potassium chloride is about 2.70-2.8 million tons.

From the demand side, the market price of potassium carbonate has significantly decreased this month, from 7720.00 yuan/ton at the beginning of the month to 7340.00 yuan/ton at the end of the month, a decrease of 4.92%. The price at the end of the month has decreased by 25.29% compared to the same period last year. The ex factory price of Potassium nitrate rose slightly this month, from 5425.00 yuan/ton at the beginning of the month to 5525.00 yuan/ton at the end of the month, up 1.84%, down 22.73% year on year. On the whole, the downstream market of Potassium chloride has ups and downs. The agricultural demand is weak, the industrial demand is general, the market has entered the slack season, and the downstream purchasing enthusiasm for Potassium chloride has weakened.

3、 Future Market Forecast

The market trend of Potassium chloride in the first ten days of August may slightly fluctuate and fall, mainly finishing. The price of Potassium chloride in Salt Lake and Zangger was adjusted at a low level, mainly based on contracts. Downstream agricultural demand weakens, industrial demand is average, and procurement is mainly on demand. Supply exceeds demand, and the price of Potassium chloride may fall in the future.