1、 Price trend

It can be seen from the above figure that the price of imported potassium chloride in the domestic market fell first and then rose this month. The price of potassium chloride fell from 3833.33 yuan/ton at the beginning of the month to 3683.33 yuan/ton on November 18, a drop of 3.91%, and then rose to 3883.33 yuan/ton at the end of the month, a rise of 5.43%. On November 29, the potassium chloride (import) commodity index was 102.19, unchanged from yesterday, 29.40% lower than the cycle’s highest point of 144.74 (2022-06-21), and 5.67% 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 dealers rose slightly this month: the arrival price of potassium chloride in Qinghai Salt Lake at the end of the month was about 3660-3880 yuan/ton. Compared with the beginning of the month, the price was temporarily stable, mainly based on contracts. At the end of this month, Xiangyang Youdeshi’s potassium chloride dealer quoted 3800 yuan/ton, which was temporarily stable compared with the beginning of the month. At the end of this month, Zibo Dehe’s potassium chloride dealer quoted 4000 yuan/ton, which was temporarily stable compared with the beginning of this month. At the end of this month, Anhui Badou’s potassium chloride dealer quoted 3850 yuan/ton, up 150 yuan/ton compared with the beginning of this month. At the end of the month, 62% of the white potassium in the port was about 3600-3700 yuan/ton, 60% of the red granules in the port was about 3800-3900 yuan/ton, and 62% of the Russian white potassium in the border trade was about 3500-3600 yuan/ton.

From the downstream market of potassium chloride, the factory price of potassium carbonate fell first and then rose this month. The price fell from 9250.00 yuan/ton at the beginning of the month to 9225.00 yuan/ton at the end of the month, a drop of 0.27%, 13.89% higher than the same period last year. The factory price of potassium nitrate fell slightly this month, from 6162.50 yuan/ton at the beginning of the month to 5875.00 yuan/ton at the end of the month, a decline of 4.67%, up 1.29% year-on-year. On the whole, the downstream market of potassium chloride fell slightly, and the downstream demand for potassium chloride weakened.

3、 Future market forecast

The market trend of potassium chloride in the first half of December may rise slightly, mainly finishing. The price of potassium chloride in Salt Lake and Zangger is stable, mainly based on contracts. The price of imported potassium chloride rose slightly. The downstream agricultural demand is increasing, the industrial demand is general, and the rigid demand is mainly procurement. The price of potassium chloride may rise in the future.