1、 Price trend
According to the price monitoring of the business agency, the comprehensive price of potassium chloride is temporarily stable this week. This week, the average price of the mainstream comprehensive quotation of potassium chloride was 2175.00 yuan / ton, down 10.12% year-on-year compared with the same period last year. Overall, this week’s potassium chloride market is temporarily stable, February 21 potassium chloride commodity index is 69.05.
2、 Market analysis
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This week, the quotation of the mainstream manufacturers of potassium chloride is temporarily stable: the weekly ex factory quotation of Qinghai Salt Lake potassium chloride is 2100 yuan / ton, which is temporarily stable compared with that at the beginning of the week; the construction of Badu in Anhui Province is temporarily stable. This week, the actual transaction in the potassium chloride market is not good. On the whole, the main contradiction in the market is that the supply exceeds the demand, the trading atmosphere is cold, the downstream procurement is just in demand, the overall inventory is low, the purchasing market momentum is low, and the domestic potassium chloride market is stable.
3、 Future forecast
Potassium chloride market overall trend or low consolidation in late February. After the adjustment in January, the capital return of each plant is in good condition, the equipment maintenance is completed, and the production capacity is increased. However, the market of potassium chloride is facing three major pressures, namely, large stock, weak demand and downward international prices. Therefore, the main contradiction in the current market is that supply exceeds demand. According to analysts of KCl in business association, the short-term market of KCl is dominated by low consolidation under the influence of supply and demand and raw materials.
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