Price Trend
According to the price monitoring of business associations, the stabilization of potassium sulfate Market in August was the main local shock, and the market weakened at the end of the month. At the end of the month, the mainstream offer price of 50% granules in the potassium sulfate Market is about 3000-3100 yuan/ton.
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II. Market Analysis
Products: In August, the price of potassium sulfate is stable and the trend is good. Mannheim’s operating rate is maintained at about 60%. The manufacturer has no sales pressure and some products are out of stock. By the end of the month, the market began to weaken, the mainstream factory quotation for 50% powder 2850 yuan, 50% particles 2950 yuan, 52% water-soluble powder 3000 yuan, price loosening, general sales. Generally speaking, the potassium sulfate market still has no obvious positive or negative factors, but the situation in the environment is also not optimistic, and the price is expected to show a trend of gradual and slow underground. On the export side, the export volume of potassium sulfate in the first half of the year is considerable, and the demand for tobacco fertilizer in the second half of the year is also predicted to be favorable for potassium sulfate.
III. Industrial Chain
Upstream: potassium chloride overall trading has not significantly warmed up, the downstream market is not good, the demand is not strong, the former and new units are general, the market continues to lack good demand, the supply side is loose, imports and domestic potassium touch bottom slightly adjustment. Autumn fertilizer delivery is limited and bullish, but the momentum for improvement is still insufficient.
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Downstream: In autumn, the demand for main chlorine group in compound fertilizer production is reduced, and the new unit quantity of potassium sulfate is reduced, and the preferential promotion is expected to relax slightly.
IV. Future Market Forecast
Business analysts believe that potassium sulfate domestic sales of new single decreases, the market has no obvious positive or negative factors, demand expectations downward, price focus pressure, preferential space widening.
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