1、 Price trend

According to the Commodity Analysis System of Business Society, the domestic market for imported potassium chloride has risen this month, with the price of potassium chloride rising from 2366.00 yuan/ton at the beginning of the month to 2533.50 yuan/ton at the end of the month, an increase of 7.06%.

2、 Market analysis

The domestic potassium chloride market has generally seen an increase in the range of 150-200 yuan/ton this month, with the main upward phase concentrated in the first half of the month and the market operating steadily in the second half. In terms of imports, the price of 60% potassium chloride is mostly in the range of 2200-2500 yuan/ton. Due to the small arrival volume in early April, the domestic market performance was tight, and the price trend was upward, which is also the direct reason for the price increase. But with high prices, downstream factories generally have a resistance to price increases, and the peak season for spring plowing procurement is gradually coming to an end. Most enterprises have replenished their inventory in the early stage, and the demand for compound fertilizer manufacturers is decreasing. Therefore, potassium chloride did not continue to rise in the second half of the month.

From the downstream market of potassium chloride, the performance of the downstream potassium fertilizer market is sluggish, with prices mostly declining. The market price of potassium carbonate has slightly declined this month, dropping from 7310.00 yuan/ton at the beginning of the month to 7250.00 yuan/ton at the end of the month, a decrease of 0.82%. The market price of potassium nitrate has slightly declined this month, dropping from 5062 yuan/ton at the beginning of the month to 4962 yuan/ton at the end of the month, a decrease of 1.98%. Overall, the downstream market for potassium chloride is sluggish, which may hinder the price of potassium chloride in the later stage.

3、 Future Market Forecast

The potassium chloride data analyst from Business Society believes that in May, the overall trend of the potassium chloride market may turn weak and consolidation oriented. The prices of potassium chloride in salt lakes and Zangge are temporarily stable. The downstream market of potassium chloride has temporarily remained sluggish, but with the weakening of agricultural demand in Northeast China and the weakening of potassium fertilizer demand, potassium chloride procurement may show a downward trend, and compound fertilizer factories mainly produce nitrogen fertilizer. Therefore, the price of potassium chloride may fall weakly.