At the beginning of the month, the price of 50% potassium sulfate was 3926 yuan/ton, and at the end of the month, the price of 50% potassium sulfate was 3750 yuan/ton, a decrease of 1.50% in price.
This month, the market price of potassium sulfate has been weak, and the autumn base fertilizer has basically ended. The finished product inventory of compound fertilizer enterprises is high, and the average operating rate of the equipment is about 31.02%. The factory mainly delivers preliminary orders and maintains small order procurement for potassium sulfate. There has been no centralized replenishment yet. Domestic potassium shipments are stable, imported potassium continues to arrive at the port, and the market supply is abundant. Although processing potassium sulfate enterprises have lowered their load, the weekly operating rate is still only 29.63%, and the situation of oversupply has not been reversed.
The downward trend in potassium chloride prices has reduced some of the raw material pressure on potassium sulfate; At the same time, the regional price difference of sulfuric acid has widened, and the high priced inventory in the early stage is still being digested. Mannheim Enterprises suffered a comprehensive loss of about 235 yuan/ton, so the manufacturer’s quotation was relatively resistant to decline, but the low-end transaction price continued to loosen.
Prediction: The trading volume of potassium sulfate market is lower than expected, and it is expected that the domestic potassium fertilizer market price will mainly fluctuate and weaken in the short term.