According to the Commodity Market Analysis System of the Business Society, at the beginning of the month, the average ex factory tax price of Shanxi’s light potassium carbonate was 7550.00 yuan/ton. At the end of the month, the average ex factory tax price of Shanxi’s light potassium carbonate was 7420.00 yuan/ton, a decrease of 1.72%. The current price has decreased by 19.78% compared to last year.

Potassium carbonate

The price of potassium carbonate fell in October. From the above chart, it can be seen that the potassium carbonate market has been declining for two consecutive months recently, and the market has continued to decline this month. The overall market of raw potassium chloride fluctuates at a low level, with poor cost support, poor downstream operating rates, and light trading volume in the potassium carbonate market, resulting in a continuous decline in the market. According to statistics from Business Society, the mainstream factory quotation range for industrial grade potassium carbonate is around 7300-7500 yuan/ton recently (for reference only), and the quotation varies depending on the procurement situation.

According to the Commodity Analysis System of the Business Society, the overall market for potassium chloride in October showed a trend of first falling and then rising. The prices of potassium chloride in salt lakes and Zangge are temporarily stable. The downstream market of potassium chloride has slightly declined, and downstream demand has weakened, with primary demand for procurement. The circulation of potassium chloride is tight, and the supply of goods at the port has slightly increased. Analysts from the Business Society believe that domestic potassium chloride import prices may slightly increase in the short term.

At present, the circulating supply of potassium chloride in the domestic market is limited, and there is an expectation of a rise in potassium chloride, with good cost support. It is expected that the price of potassium carbonate will mainly rise in the short term, and the long-term market still needs to wait and see.