Stronger cost side boosts price of potassium sulfate

1、 Price trend

 

 

2、 Market analysis

 

According to the data of business news agency, as of March 9, the average price of domestic Mannheim potassium sulfate 50 particle samples was 2833.33 yuan / ton, up 1.80% from the average price at the beginning of the month, and up 1.74% from the same period of last month.

 

In early March, the potassium sulfate Market was positive, and the domestic potassium sulfate price was stable after rising. In terms of inventory, it is reported that the potassium sulfate inventory of major ports is stable recently, and the inventory in the market is mostly held by large businesses. The upstream potassium chloride market has a positive trend in the near future, with a certain increase. The cost side support of potassium sulfate was strengthened, driving the spot price up. With the preparation of spring ploughing, the demand for compound fertilizer and potassium fertilizer has increased. From the perspective of on-site trading, at present, there is rigid demand in downstream factories, but the orders are small, and the response to high price supply is general. In terms of supply, the overall domestic reserves are stable, the inventory of terminal sellers is limited, and the big sellers have a certain control over shipment.

 

3、 Future forecast

 

Business agency potassium sulfate analysts believe that: at present, potassium sulfate manufacturers offer generally up, recent spot prices generally up 50-100 yuan / ton. Global petrochemical bulk products and direct upstream potassium chloride are generally stronger, which strongly supports the cost of potassium sulfate. Domestic market trading situation is general, inventory and supply situation is stable. It is expected that the domestic potassium sulfate price will be high in the near future.

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