According to the monitoring of SunSirs, the price of potassium sulfate content 50 at the beginning of this month was 3,983 RMB/ton, and the price of potassium sulfate content 50 at the end of this month was 3,966 RMB/ton, down 0.42%.
The price of some regions in the domestic potassium sulfate market slightly decreased, but the range was limited, only about 50 RMB/ton. After the Spring Festival, the operating rate of processing Mannheim potassium sulfate plants increased significantly, mainly in North China and other regions, but the demand of downstream compound fertilizer plants started slightly slowly. As of the 10th, the ex-factory price of 50% Mannheim potassium sulfate powder was mostly at 3,850-3,900 RMB/ton, and the ex-factory price of 52% potassium sulfate powder was mostly at 4,000-4,050 RMB/ton.
The main large compound fertilizer enterprises in the downstream had a high rate of plant operation, but most of them were based on the delivery of orders in the early stage, and the advance receipt of new orders was general. In the case of limited changes in the price of nitrogen, phosphorus and potassium raw materials, the downstream factories were not active in supplementing new raw materials for potassium fertilizer, and the purchase operation was cautious.
The potash fertilizer market at home and abroad was sluggish, the overall new orders were insufficient, and the demand support was low. It is expected that the price of potassium sulfate may be dominated by finishing in shock.