According to the Commodity Market Analysis System of the Business Society, the industrial grade first class potassium nitrate in Shanxi was reported at 5450 yuan/ton at the beginning of the week, and 5525 yuan/ton at the end of the week, an increase of 1.38% and 2.31% month on month. The current price has dropped by 18.75% year-on-year.

potassium nitrate

The domestic potassium nitrate market has risen this week. From the above chart, it can be seen that after a month of continuous increase in the potassium nitrate market, the market continues to rise this week. The market price of potassium chloride on the cost side has increased, with good cost support. Potassium nitrate inventory has decreased rapidly compared to the previous period, and the source of goods is mostly in the hands of traders. They are reluctant to sell, and there are fewer available sources of goods in the market, resulting in an increase in the market. According to statistics from Business Society, mainstream domestic manufacturers of potassium nitrate quoted 5300-5500 yuan/ton this week (for reference only), and the prices vary depending on the procurement situation.

Recently, the prices of mainstream domestic potassium chloride manufacturers have fluctuated and increased. Analysts from the Business Society believe that domestic potassium chloride import prices may slightly increase in the short term.

Recently, the market price of domestic 60% crystal is mostly between 2700-2750 yuan/ton, and new sources of border trade are gradually opening up. Downstream procurement remains in demand, and it is expected that the price of potassium carbonate will mainly rise in the short term, while the long-term market still needs to wait and see.