Potassium chloride market price shows a slight upward trend

Recently, the domestic market price of potassium chloride has shown a slight upward trend. Regarding domestic potassium, Qinghai Salt Lake Group's potassium chloride equipment is operating normally. The ex-factory price is 1950 CNY/ton. The price is temporarily stable. The actual transaction price is mainly negotiated. The ex-factory price of 57% flour from a small local factory in Qinghai is 1,425 CNY/ton, an increase of 25 CNY/ton from the previous period. At present, the production of domestic potassium chloride devices is normal, and some small factories are undergoing maintenance. The supply of goods is tight, and the quantity of new goods arriving in various regions is insufficient.

In terms of imported potassium, the port inventory is currently at a high level. Refer to the mainstream quotation 62% Russian white potassium port offers 2050~2150 CNY/ton, Canadian white potassium 2130 CNY/ton, Russian red potassium 1850~1880 CNY/ton, and granular potassium 2050~2080 CNY/ton. At present, the volume of new arrivals from border trade sources is not large, and the port's subsequent new arrivals are insufficient to supplement the supply. Some tightly-sold sources are still tight, and the price of new orders has increased significantly.

Potassium sulphate market is under cost pressure, the market is consolidating, the price is stable and slightly upward, the cost of raw materials is supported to a certain extent, the downstream demand is not obviously good for the recovery, and replenishment is mainly based on demand. The mainstream price of potassium sulfate in the Qinghai salt system is 2300-2350 CNY/ton, and the transaction is limited. Due to the tight supply of goods in various regions, the market price of SDIC Luo potassium has been rising. Recently, the price of potassium sulphate in Mannheim has generally risen around 50 CNY/ton. Among them, the mainstream ex-factory price of 50% flour is 2400-2600 CNY/ton, and the ex-factory price of 52% flour is 2500-2700 CNY/ton. The mainstream ex-factory price of 50% flour is 2,550 CNY/ton in Northeast China and 2,900 CNY/ton in South China.

Statistics show that in October 2020, China's imported 808,000 tons of various fertilizers, an increase of 245,000 tons over the same period last year, an increase of 43.5%; the import value of that month was US$195 million, an increase of 6.2% over the same period last year. From January to October, a total of 8.969 million tons of various fertilizers were imported, a year-on-year decrease of 893,000 tons, a decrease of 9.1%; the cumulative import value was US$2.459 billion, a year-on-year decrease of 21.5%. Among them, from January to October, the total import of potassium chloride was 7,336,100 tons; the total import of nitrogen, phosphorus and potassium ternary compound fertilizer was 1.162 million tons.

In terms of exports, in October 2020, China exported a total of 3,396,600 tons of various fertilizers, a year-on-year increase of 1.8%; from January to October, a total of 23,334,200 tons of various fertilizers were exported, a year-on-year increase of 1.8%.