Potassium nitrate Market weakened this week (10.8-10.11)

Price Trend

According to the data monitored by business associations, the price of domestic potassium nitrate fell this week. At the beginning of the week, the price of domestic first-class industrial potassium nitrate was 4375.00 yuan/ton. At the weekend, the price of domestic first-class industrial potassium nitrate was 4362.00 yuan/ton, a decline of 0.29%, and the current price fell by 4.90% compared with last year.

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II. Market Analysis

Products: This week, the domestic potassium nitrate Market is weak and downward, the market trading atmosphere is cold and clear, the mentality of potassium nitrate manufacturers is empty, the volume of goods is poor, overall, the starting rate of potassium nitrate manufacturers is at a low level, so the overall stock of potassium nitrate is at a low level, there is no sales pressure, the downstream purchasing volume is a small amount of replenishment, there is basically no backup situation, and the price of potassium nitrate is weak. Domestic potassium nitrate mainstream manufacturers offer 4200-4500 yuan/ton.

3. Future Market Forecast

The analyst of potassium nitrate of business association thinks that the market of potassium nitrate falls this week. After the festival, the traditional peak season of “Gold SEP, Silver OCT” is inadequate, the spot trade is not warm, and the demand for potassium nitrate is expected to improve greatly in the short term, and the market may be reorganized.

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