Weak decline of potash price in November

I. price trend

 

Market analysis of potash products

 

(photo source: Commodity analysis system of Business Club)

 

According to the data monitored by the business association, the price of potash fluctuated and consolidated in November. At the beginning of the month, the average factory price including tax of the mainstream light potash in China was 6437.50 yuan / ton, and at the end of the month, the average factory price including tax of the mainstream light potash in China was 6375.00 yuan / ton, down 0.97%. The current price dropped 7.78% year on year.

 

II. Analysis of influencing factors

 

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Products: in November, the market of potassium carbonate declined in a weak way. On November 4, Wenshui Zhenfeng Agricultural Materials Co., Ltd. adjusted its price by 100 yuan / ton, 6500 yuan / ton after adjustment. On November 26, Wentong potash Group Co., Ltd. adjusted its price by 200 yuan / ton, 6200 yuan / ton after adjustment. Due to the fact that the price consolidation of upstream raw material potassium chloride had no supporting effect on the price of potassium carbonate, the market of potassium carbonate declined in a weak way. Meanwhile, it was required to The demand side is weak and the price adjustment is not large. Part of the manufacturer’s devices are shut down for maintenance, the market momentum of low inventory purchasing is general, and the quotation is mainly down. According to the statistics of business agency: in November, the main quotation range of domestic industrial potassium carbonate is about 6200-6500 yuan / ton (the quotation is only for reference), and the quotation varies according to the purchase situation.

 

III. future forecast

 

Potash analysts believe that the recent trading atmosphere of potash fertilizer market is relatively cold and the transaction is average. In the short term, the price of potash will remain weak. The long-term market still needs to wait and see, mainly affected by the demand side.

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