At the beginning of the week, the price of 50% potassium sulfate was 4106 yuan/ton, and at the end of the week, the price of 50% potassium sulfate was 4100 yuan/ton, with a price increase of 0.16%.
This week, the market price of potassium sulfate has been weak, with a factory price of about 4300-4350 yuan/ton for 52% powder/fully water-soluble powder, and a factory price of about 3850-3900 yuan/ton for 50% resource-based potassium sulfate powder upon arrival. Prices have differentiated in some regions due to differences in supply and cost. Supported by the cost of raw materials (potassium chloride, sulfur), the price of potassium sulfate remains high. However, due to the weak demand for downstream compound fertilizers, some processing enterprises are facing cost inversion, and the overall market atmosphere is bleak.
On the demand side: Currently, there is a fertilizer shortage period where summer fertilizer is coming to an end and autumn fertilizer has not been fully launched. The operating rate of downstream compound fertilizer enterprises is low, and terminal procurement is carried out as needed. The overall demand is weak, which limits the further rise of potassium sulfate prices.
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.
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