1、 Price trend

As can be seen from the above figure, the domestic market for imported potassium chloride has slightly declined this week, with the price falling from 3850.00 yuan/ton at the end of last week to 3812.50 yuan/ton at the end of this week, a decrease of 0.97%. The arrival price of potassium chloride in domestic salt lakes this week is 3400-3500 yuan/ton. The port has a storage capacity of about 2.5 million tons. On March 19th, the potassium chloride (import) commodity index was 121.03, unchanged from yesterday, down 30.68% from the cycle’s highest point of 174.60 (2022-06-21), and up 107.78% from the lowest point of 58.25 on August 6th, 2020. (Note: The cycle refers to March 1st, 2012 to now)

2、 Market analysis

This week, prices quoted by mainstream domestic potassium chloride manufacturers fell slightly. The port’s 62% self raised price of white potassium was around 3450-3550 yuan/ton. The self raised price of 60% Dahong Granules at the port is around 3650-3750 yuan/ton. Border trade 62% Russian white potassium is around 3300-3400 yuan/ton.

From the perspective of the downstream market of potassium chloride, the ex-factory price of potassium carbonate stabilized at a low level this week, with a price of 9100.00 yuan/ton, representing a year-on-year increase of 0.37% compared to the same period last year. The ex-factory price of potassium nitrate decreased slightly this week, from 5940.00 yuan/ton at the end of last week to 5900.00 yuan/ton at the end of this week, a decrease of 0.67%, a year-on-year decrease of 16.31% compared to the same period last year. Overall, the downstream market for potassium chloride declined slightly, and downstream customers’ demand for potassium chloride weakened.

3、 Aftermarket Forecast

In late March, the overall trend of potassium chloride market may fluctuate in a narrow range, with consolidation being the main trend. The prices of potassium chloride in salt lakes and Zangge have stabilized at low levels. The downstream market of potassium chloride has declined slightly, with downstream demand weakening, and procurement is mainly for immediate needs. International potash fertilizer prices continue to decline. Potassium chloride analysts from the Business Agency believe that domestic potassium chloride import prices may decline slightly in the short term.