According to the commodity market analysis system of Shengyishe, at the beginning of the week, Shanxi’s industrial grade first-class potassium nitrate was reported at 5437.50 yuan/ton, and over the weekend, Shanxi’s industrial grade first-class potassium nitrate was reported at 5450.00 yuan/ton, an increase of 0.23% and a month on month decrease of 1.36%. The current price has dropped by 7.23% year-on-year.

potassium nitrate

This week, the domestic potassium nitrate market has risen. From the chart, it can be seen that the recent potassium nitrate market has continued to rise for three consecutive weeks, and this week’s market continues to rise. Recently, the domestic potassium fertilizer market prices have remained high and firm, with good cost support. The supply of goods is mostly in the hands of traders, and the market circulation of goods is limited, resulting in an increase in the potassium nitrate market. According to the statistics of Business Society, the mainstream domestic potassium nitrate manufacturers quoted 5150-5300 yuan/ton this week (for reference only), and the prices may vary depending on the procurement situation.

Recently, the prices of mainstream domestic potassium chloride manufacturers have fluctuated and increased: currently, the market price of domestic 60% crystals is mostly between 2820-2850 yuan/ton. Supply is tight, and analysts from Shengyishe Potassium Chloride believe that domestic potassium chloride import prices may slightly increase in the short term.

In recent times, the domestic potassium fertilizer market has been mainly volatile and consolidating, and new policies from domestic manufacturers are still being discussed. It is expected that the price of potassium nitrate will mainly rise in the short term, and the long-term market still needs to be wait-and-see.