Potassium carbonate market was weak this week (5.13-5.17)

Price Trend

Thiourea

According to the data monitored by business associations, the price of potassium carbonate has been running weakly this week. The overall price of potassium carbonate has not changed much, with a drop of 0.18%. As of May 17, the average tax price of domestic light potassium carbonate from mainstream factories was 6775 yuan/ton, and the market has declined.

II. Analysis of Influencing Factors

Products: This week, the market of potassium carbonate is not warm, the trading atmosphere is cold, while downstream purchasing is just in demand, resulting in the weak price of potassium nitrate. Some of the plants of the manufacturer have been shut down for overhaul. The low stock purchasing market has general momentum, and the weak quotation operation is the main reason. According to the statistics of business associations, the quotation range of domestic light potassium carbonate mainstream factory on May 17 is about 6 600-6 800 yuan/ton (quotation is only for reference). The quotation varies according to the purchasing situation.

3. Future Market Forecast

Thiourea dioxide

Potassium carbonate analysts believe that in the short term, the price of potassium carbonate is dominated by weak consolidation, while in the long run, the market still needs to wait and see, mainly affected by demand-side dominance.