At the beginning of the week, the price of potassium sulfate with 50% content was 3900 yuan/ton, and over the weekend, the price of potassium sulfate with 50% content was 3800 yuan/ton, a decrease of 2.56% in price.
This week’s Mannheim potassium sulfate (processed) 52% powder: the average factory price is about 3850 yuan/ton (some low-end factories have dropped to 3700 yuan/ton). The average factory price of 50% powder is about 3750 yuan/ton (some low-end products have dropped to 3600 yuan/ton). The continuous decline in the price of potassium chloride raw materials has weakened the cost support for potassium sulfate, causing some manufacturers to offer discounts and lower the overall transaction center of the market.
Demand side: The autumn fertilizer cycle has ended, and downstream compound fertilizer enterprises have a low operating rate, only maintaining a small amount of essential replenishment, lacking large-scale centralized procurement, market trading is sluggish, and actual transactions are few. The overall supply of goods in the market is sufficient, and some traders are competing to sell goods in order to recoup funds at the end of the year. Low priced goods are impacting the market, exacerbating downward pressure on prices.
Prediction: The short-term market demand for potassium sulfate is weak, and it is expected that the domestic potassium fertilizer market price will mainly fluctuate and weaken in the short term.
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