1、 Price trend

According to the Commodity Analysis System of Business Society, the domestic market price of imported potassium chloride remained stable in December, with potassium chloride prices around 3080.00 yuan/ton. On December 28th, the potassium chloride (imported) commodity index was 97.78, unchanged from yesterday, a decrease of 44.00% from the highest point in the cycle of 174.60 points (2022-06-21), and an increase of 67.86% from the lowest point of 58.25 points on August 6th, 2020. (Note: The cycle refers to 2012-03-01 present)

2、 Market analysis

From the supply side perspective, the prices of mainstream domestic potassium chloride distributors have remained stable this month. The monthly terminal price of potassium chloride in Qinghai Salt Lake is around 2860 yuan/ton; At the end of the month, 62% of the port’s white potassium was around 2800 yuan/ton, a decrease of about 150 yuan/ton compared to the beginning of the month; At the end of the month, the self raised price of 60% Dahong particles at the port was around 2900-3100 yuan/ton, a decrease of about 100 yuan/ton compared to the beginning of the month; At the end of the month, 62% of Russian white potassium in border trade was around 2700 yuan/ton, a decrease of about 150 yuan/ton compared to the beginning of the month. There are approximately 3.1 to 3.2 million tons of potassium chloride stored in the port.

From the demand side, the market price of potassium carbonate has slightly declined this month, dropping from 7550 yuan/ton at the beginning of the month to 7510 yuan/ton at the end of the month, a decrease of 0.53%. The end of month price has decreased by 17.47% compared to the same period last year. The factory price of potassium nitrate has slightly decreased this month, dropping from 5475 yuan/ton at the beginning of the month to 5425 yuan/ton at the end of the month, a decrease of 0.91%. The price at the end of the month has decreased by 8.44% compared to the same period last year. Overall, the downstream market for potassium chloride has slightly declined. Agricultural demand is average, industrial demand is weakening, and downstream manufacturers are less proactive in purchasing potassium chloride.

3、 Future Market Forecast

In mid to early January, the trend of potassium chloride market may fluctuate slightly and fall, with consolidation being the main trend. The prices of potassium chloride in salt lakes and Zangge are temporarily stable, and the market situation is average. Downstream agricultural demand is average, industrial demand weakens, and the price of potassium chloride may fluctuate and fall in the future.