According to the data monitored by the business community, at the beginning of the month, Shanxi’s industrial grade first grade potassium nitrate was quoted at 6425.00 yuan/ton, and at the end of the month, Shanxi’s industrial grade first grade potassium nitrate was quoted at 6162.50 yuan/ton, a decrease of 4.09%. The current price rose by 8.59% year-on-year.

potassium nitrate

In October, the domestic potassium nitrate market showed a downward trend. It can be seen from the figure above that the potassium nitrate market has declined for three consecutive months since 2022. This is mainly because the domestic potassium manufacturers have normal supply, and the price has fallen more than once. The port stock is piled up and the shipment speed is slow. Downstream procurement remained just in demand, the market transaction was relatively cold, and the market for potassium nitrate declined. According to the statistics of the business community, the domestic mainstream potassium nitrate manufacturers have recently quoted 6200-6500 yuan/ton (the quotation is for reference only), and the quotation varies according to the procurement situation.

The domestic market of imported potassium chloride fell in October. At present, the sales price of domestic potassium in the market is mostly 3550-3800 yuan/ton. The price of 57% powder in Qinghai small factories is 3400-3600 yuan/ton, and the price of 62% Russian white potassium in border trade areas is 3550-3650 yuan/ton (down 50 yuan/ton). The price of 62% white potassium at the port is mostly 3650-3900 yuan/ton (down 50 yuan/ton at the low end). The price of large particles at the port is mostly 3750-3850 yuan/ton, and the price of 60% red powder is 3800-3850 yuan/ton.

At present, the domestic potash fertilizer market has a flat trend, with large domestic and port supply. It is expected that the price of potassium nitrate will fall mainly in the short term, and the long-term market still needs to wait and see.