1、 Price trend
According to the data monitored by the business association, the price of domestic potassium nitrate declined in a weak way this week. At the beginning of the week, the price of domestic industrial grade first-class potassium nitrate was 4350.00 yuan / ton, while at the end of the week, the price of domestic industrial grade first-class potassium nitrate was 4337.50 yuan / ton, down 0.29%. The current price was 5.19% lower than last year.
2、 Market analysis
Product: this week, the domestic potassium nitrate Market is in a weak decline, near the holiday, the recent domestic potassium fertilizer market has not shown any obvious signs of improvement, the trading atmosphere of potassium nitrate Market is relatively light, the downstream maintains the rigid demand for procurement, is in a stable consumption period, the supply and demand are relatively stable, and the market is in a consolidation state. As a whole, the operating rate of potassium nitrate manufacturers is at a low level, so the overall inventory of potassium nitrate is at a low level, and there is no sales pressure for the time being. The downstream purchase volume is on the low side for a small amount of replenishment, and there is basically no stock up situation, and the price of potassium nitrate keeps fluctuating and falling. The quotation of domestic mainstream potassium nitrate manufacturers is 4200-4500 yuan / ton.
3、 Future forecast
Potassium nitrate analyst of business association thinks: this week, the market of potassium nitrate fluctuates and falls, the supply of goods in the hands of traders is relatively sufficient, the potash fertilizer market has always been tepid and tepid, the downstream demand has not improved temporarily, it is expected that the demand of potassium nitrate will not change greatly in the short term, and the market may be in full swing.