According to the data monitored by the Business News Agency, at the beginning of the month, the price of Shanxi’s industrial first class potassium nitrate was quoted at 5875.00 yuan/ton, and at the end of the month, the price of Shanxi’s industrial first class potassium nitrate was quoted at 5960.00 yuan/ton, up 1.45%. The current price fell 5.40% year-on-year.

potassium nitrate

The domestic potassium nitrate market fluctuated and consolidated in February. From the figure above, it can be seen that the potassium nitrate market has fluctuated and declined for four consecutive months since 2023, and the market has not fluctuated much this month. The supply of raw potassium chloride is mostly concentrated in the hands of large traders, and the market is limited. The market of potassium nitrate is basically stable. According to the statistics of the business agency, the domestic mainstream manufacturers of potassium nitrate have recently quoted 5700-6100 yuan/ton (for reference only), which varies according to the purchase situation.

In February, the quotation of domestic potassium chloride mainstream manufacturers was temporarily stable: the price of 62% white potassium at the port was mostly 3500~3550 yuan/ton. The price of potassium chloride in the port also declined slightly. The price of 62% white potassium in the port rose to 3750 yuan/ton, which was the same as last week; The self-raised price of 60% Dahong granules at the port is about 3875 yuan/ton, down 25 yuan/ton from last week.

At present, the price of potash fertilizer market is weak and consolidated, and the cost support is general. It is expected that the price of potassium nitrate will fall mainly in the short term, while the long-term market still needs to wait and see.