Since the end of March, potassium chloride has stabilized and rebounded slightly. At present, the mainstream price of 62% white potassium in the port has been restored to about 2400 yuan, and the transaction reference is about 2350-2380 yuan. The high-end transaction is more difficult, but the low-end sellable sources are becoming more and more difficult to find.

The reason for this rise is not that demand is really improving, but that it is concentrated purchasing of large orders at relatively low prices. Secondly, although the total stock of existing ports has decreased from the previous peak period, it is still higher than the same level in recent years. Third, the extent of the reduction in arrivals is uncertain for the time being, and the seller hopes to use the possible reduction to speculate. Fourthly, the rebound of potassium chloride is not an ironclad one. The Northeast market is gradually coming to an end. The prices of white potassium in border trade and large-grain potassium chloride in Quarry Bay have been loosened. Fifth, the upper echelons are more restrained in pulling up, whether it is suspension or quotation of high prices, but there is no further speculation.

The real important thing is the negotiation of large contracts, because it is not only the cost factor in the future, but also the process of negotiation is the reflection of the long-term trend judgment of potassium chloride between Chinese and foreign sides. The FMB meeting in Shanghai two days ago had no news on the negotiation of large contracts, and it still needed to wait patiently.