According to the Commodity Market Analysis System of the Business Society, at the beginning of the month, Shanxi’s industrial grade first-class potassium nitrate was quoted at 5550.00 yuan/ton. At the end of the month, Shanxi’s industrial grade first-class potassium nitrate was quoted at 5350.00 yuan/ton, a decrease of 3.60%. The current price has decreased by 13.18% compared to last year.

potassium nitrate

In October, the domestic potassium nitrate market fell. From the above chart, it can be seen that the recent potassium nitrate market has been fluctuating and declining for two consecutive months, and the market has continued to decline this month. The raw material market is weak and volatile, with poor cost support, abundant supply of potassium nitrate, and prices following the trend of cost decline. According to statistics from Business Society, mainstream domestic manufacturers of potassium nitrate have recently quoted 5100-5500 yuan/ton (for reference only), and the prices vary depending on the procurement situation.

According to the Commodity Analysis System of Business Society, the overall trend of potassium chloride market in October was fluctuating and declining. The prices of potassium chloride in salt lakes and Zangge have stabilized at low levels. The downstream market of potassium chloride has slightly declined, and downstream demand has weakened, with primary demand for procurement. International potassium fertilizer prices continue to decline. Potassium chloride analysts from Business Society believe that domestic potassium chloride import prices may slightly decline in the short term.

At present, the circulating supply of potassium chloride in the domestic market is limited, and there is an expectation of a rise in potassium chloride, with good cost support. It is expected that the price of potassium nitrate will mainly rise in the short term, and the long-term market still needs to wait and see.