1、 Price trend
The comprehensive price of potassium chloride rose slightly this week. This week, the average price of the mainstream comprehensive quotation of potassium chloride rose from 1850.00 yuan / ton at the beginning of the week to 1855.00 yuan / ton at the end of the week, with an increase of 0.27%, and a decrease of 18.10% compared with the same period of last year. Overall, the market of potassium chloride rose slightly this week, and the commodity index of potassium chloride on August 21 was 58.89.
2、 Market analysis
This week, the mainstream manufacturers’ quotation of potassium chloride rose slightly: the factory price of Qinghai Salt Lake potassium chloride at the weekend was 1830 yuan / ton, which was 10 yuan / ton higher than that at the beginning of the week; the marketing quotation of Anhui Badou potassium chloride at the weekend was 1880 yuan / ton, which was temporarily stable compared with the beginning of the week. The actual turnover of potassium chloride market this week is not good. Overall, the main contradiction in the market is that supply exceeds demand, the trading atmosphere is cold, the downstream procurement is mainly on demand, the overall inventory is low, the purchasing market momentum is low, and the domestic potassium chloride market is stable.
3、 Future forecast
In late August, the overall trend of potassium chloride market or low consolidation. The market of potassium chloride is facing the pressure of three mountains, namely, the large stock in Hong Kong, the weak demand and the downward trend of international prices. Therefore, the main contradiction in the current market is that supply exceeds demand. Potassium chloride analysts of the business club believe that the short-term potassium chloride market is mainly low consolidation under the influence of supply and demand and raw materials.