Both demand and cost are weak. The price of potassium sulfate fell in September

1、 Price trend

2、 Market analysis

According to the data of the business agency, the domestic potassium sulfate market fell in September, and the spot prices of various brands were lowered. As of September 29, the average price of 50 domestic potassium sulfate granules was 4300 yuan/ton, up or down by -10.42% compared with the average price at the beginning of the month.

This month, the domestic potash fertilizer market atmosphere was weak, and the momentum was insufficient. The operating rate of Mannheim type potassium sulfate enterprises remained low. In the second half of the month, some enterprises, such as SDIC Luoke, increased their load by producing autumn compound fertilizer, but the industry load was still adjusted by a narrow margin around 23%. Although the supply of potassium sulfate enterprises is low, there are abundant goods on the market, and it is difficult for the supply side to support the spot goods. The upstream potassium chloride fell continuously. At the end of the month, the pricing information of the big factories was released next month, and the market stabilized. The border trade and port cargo volume remained high in the middle of the month. Imported and domestic goods filled the domestic inventory at the same time, and the shipping and shipment situation was poor. Downstream enterprises, such as potassium carbonate and potassium nitrate, have been slow in purchasing, and businesses have lost money and dumped goods. Potassium chloride does not support processing potassium sulfate enterprises well. Downstream consumption is weak, the flow of compound fertilizer goods in the third quarter is slow, the sales pressure in the north is more prominent, and the market supply is under pressure from many parties. The mentality of businessmen is weak, and the market offer is low.

3、 Future market forecast

According to the potassium sulfate analysts of the business community, the domestic potassium sulfate market fell in September, and the potassium chloride market stabilized after falling. The domestic potassium sulfate cost support is weak, the supply side is sufficient, and the demand side follow-up is poor. It is expected that the domestic potassium sulfate price will operate at a low level due to the continuous poor demand in the short term.