At the beginning of the week, the price of potassium sulfate with a 50% content was 4040 yuan/ton, and over the weekend, the price of potassium sulfate with a 50% content was 4033 yuan/ton, a decrease of 0.17% in price.
This week, the market price of potassium sulfate has been weak, with a factory price of about 4250-4300 yuan/ton for 52% powder/fully water-soluble powder, and a factory price of about 3700-3850 yuan/ton for 50% resource-based potassium sulfate powder upon arrival. The overall supply and demand of the domestic potassium sulfate market are loose, with a slight downward trend in some areas. The market is in a game of cost support and weak demand, with an overall trading atmosphere that is relatively weak, and there is a large bargaining space for actual transactions.
Demand side: Currently in the off-season for fertilizer use in summer, the demand for fertilizer preparation in autumn has not yet been concentrated, and the operating rate of downstream compound fertilizer factories is lower than expected, which limits the support for the demand for potassium sulfate. Downstream enterprises mainly purchase on demand, with insufficient willingness to replenish inventory on a large scale, resulting in a sluggish overall market transaction volume. Some enterprises have resorted to hidden price cuts and discounts to promote transaction orders
Prediction: The potassium sulfate market is experiencing weak trading, and it is expected that the domestic potassium fertilizer market prices will mainly fluctuate and weaken in the short term.
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