According to the data monitored by business associations, the price of potassium nitrate in China has been running weakly this week. The overall price of potassium nitrate has been lowered by 50-100 yuan/ton, or 1.14%. As of May 11, the price of potassium nitrate, the first-class industrial product in China, was 4350 yuan per ton. This week, the market was mainly weak.
II. Market Analysis
Products: This week, the domestic potassium nitrate Market Trading atmosphere is cold, the overall inventory is at a low level, the start-up rate of manufacturers has decreased, the actual volume is low, the downstream purchasing volume is low, a small amount of replenishment, it is expected that the market of potassium nitrate is weak in the short term mainly, domestic potassium nitrate mainstream manufacturers offer 4000-4400 yuan/ton.
3. Future Market Forecast
The analyst of potassium nitrate of Business Association believes that the recent nitric acid market has been narrowly consolidated and spot trading is not hot. It is expected that the demand for potassium nitrate will hardly improve in the short term, and the market may continue to consolidate.