Price trend
According to the data of SunSirs, the domestic potassium sulfate market was high and sideways in early April, and the spot price was generally deadlocked. As of April 7, the average price of domestic potassium sulfate 50 grain samples was 5,066.67 RMB/ton, a change of 0% compared with the average price at the beginning of the month.
Analysis review
This week, the momentum of the domestic potash fertilizer market was still good. The operating rate of potassium sulfate Mannheim-type enterprises was not high, remaining below 50%, and the supply in the field continued to be tight. Recently, the state reserves of potash fertilizer have continued to release goods and stabilize the price. The price of salt lake and Tibetan potassium chloride has been consolidated at a high level. The high price of potassium chloride also has certain support for processing potassium sulfate enterprises.
The situation in Eastern Europe, Russia and Ukraine is still tense, and the transportation situation of potash fertilizer production areas is affected. Currently, border trade and port arrivals are limited. In terms of demand, it is currently in the release stage of spring ploughing demand, and the consumption of potash fertilizer is rising in stages, but the trading of potassium sulfate has slowed down, and there is a game between supply and demand in the market.
Market outlook
The potassium sulfate analyst of SunSirs believes that: in early April, the domestic potassium sulfate market was high and firm, and the potassium chloride market was adjusted at a high level and within a narrow range. The domestic potassium sulfate cost support was strong, the demand side follow-up situation slowed down, and the supply side remained tight. The improvement of border trade and port transportation and arrival is limited, and it is expected that the domestic potassium sulfate price may still run sideways in the short term.