1、 Price trend

It can be seen from the above figure that the domestic market price of imported potassium chloride fell slightly this month, and the price of potassium chloride fell from 4066.67 yuan/ton at the beginning of the month to 3900.00 yuan/ton at the end of the month, a decline of 4.10%. On October 30, the potassium chloride (import) commodity index was 102.63, unchanged from yesterday, 29.09% lower than the cycle’s highest point of 144.74 (2022-06-21), and 6.12% 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 fell 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, a drop of 200 yuan/ton compared with the beginning of the month. At the end of this month, Zibo Dehe’s potassium chloride dealer quoted 4200 yuan/ton, which was temporarily stable compared with the beginning of the month. At the end of this month, Anhui Badou’s potassium chloride dealer quoted 3700 yuan/ton, a drop of 300 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 3600-3700 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 slightly this month, from 9375.00 yuan/ton at the beginning of the month to 9250.00 yuan/ton at the end of the month, a drop of 1.33%, up 15.99% year-on-year. The factory price of potassium nitrate fell slightly this month, from 6425.00 yuan/ton at the beginning of the month to 6162.50 yuan/ton at the end of the month, a 4.09% drop, 8.59% higher than the same period last 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 November may slightly fluctuate and fall, mainly finishing. The price of potassium chloride in Salt Lake and Zangger is stable, mainly based on contracts. The price of imported potassium chloride fell slightly. The downstream agricultural demand is weakened, the industrial demand is general, and the rigid demand procurement is dominant. In the future, the price of potassium chloride may fall in shock.