Last week (Feb. 11, 2019 – Feb. 15, 2019), demand for potassium fertilizer started slowly, market turnover was cool, and the price of potassium chloride fell slightly. On February 18, China’s Wholesale Potassium Chloride Price Index (CKPI) was 2281.27 points, down 24.00 points, or 1.04%, compared with the previous year, up 214.77 points, or 10.39%, and down 1009.32 points, or 30.67%, compared with the base period.
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Supply Situation: As for domestic potassium, the Salt Lake plant operates normally with a daily output of about 14,000 tons, and the start-up rate of small factories in Qinghai maintains a low level; the arrival price of 60% of the base products in Qinghai Salt Lake maintains 2420 yuan/ton, the regional turnover price is about 2350-2400 yuan/ton, and the rebate policy is 50 yuan/ton. In terms of import potassium, port potassium arrivals continued to increase, port stocks remained high, at about 1.7 million tons; in some ports, the price of potassium fertilizer was loose, and 62% of the mainstream quotation of Russian-Belgian potassium maintained around 2500-2550 yuan/ton. Potassium frontier trade, general inventory, market demand-driven goods, low turnover enthusiasm, 62% Russian-white potassium quotation to 2150-2200 yuan/ton.
Demand situation: the agricultural spring tillage fertilizer has not yet been opened, the demand for potassium fertilizer is cold; the purchase of new orders is scarce, and the reserve of distributors is suspended. At present, the demand for compound fertilizer is starting slowly, the stock is large, and the enterprises’goods are not good enough. The overhaul production line has not been restarted, and the overall starting rate of compound fertilizer enterprises has dropped by 5.43 percentage points to 23.53% in the previous week, which is 7.90 percentage points lower than that of the same period last year.
| Benzalkonium chloride |
International market: International potassium chloride prices were basically stable last week. On the European side, inquiries in the potash fertilizer market increased and prices rose; on the Indonesian side, tenders for potash fertilizer procurement increased. Jordan’s off-shore price of potassium chloride fell by $1/ton at the low end and rose by $9/ton at the high end to $270-297/ton; Israel’s off-shore price of potassium chloride fell by $1/ton to $270-317/ton; and Canada, Russia, Southeast Asia and Brazil’s off-shore price of potassium chloride remained stable at $266-309/ton, $251-320/ton, $298-315/ton and $350-355/ton, respectively.
Domestic market: The price of potassium chloride in domestic market has dropped slightly recently. According to the monitoring data of the association, the wholesale prices of domestic potassium chloride provinces in Guangdong, Hebei and Hubei fell 137.5 yuan/ton, 25 yuan/ton and 2 yuan/ton respectively compared with the previous week, while the prices of other provinces remained stable; the wholesale prices of imported potassium chloride provinces in Shandong, Jiangxi and Guangxi increased 80 yuan/ton, 50 yuan/ton and 25 yuan/ton respectively compared with the previous week, while the prices of Hubei Province increased 80 yuan/ton, 50 yuan/ton and 25 yuan/ton respectively. Prices in other provinces remained stable, down 61.1 yuan per ton from the previous week.
On the domestic market, the port potassium arrivals continued to increase, the stock remained high; the downstream demand has not yet warmed up, the potassium fertilizer market has decreased, and the price of potassium chloride has slightly declined. With the coming of spring tillage fertilizer and the resumption of production line of compound fertilizer maintenance, the demand for potassium fertilizer may increase. In the international market, with the start of the demand for potassium fertilizer in Southeast Asia, the price of international potassium fertilizer is exploring. In summary, it is expected that the domestic price of potassium chloride will continue to consolidate and stabilize in the short term, focusing on the domestic demand for spring farming.
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