I. price trend
According to the data monitored by the business association, the price of domestic potassium nitrate fluctuated and consolidated in November. At the beginning of the month, the price of domestic industrial grade first-class potassium nitrate was 4362.50 yuan / ton, and at the end of the month, the price of domestic industrial grade first-class potassium nitrate was 4350.00 yuan / ton, down 0.29%. The current price was 5.18% lower than last year.
II. Market analysis
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Products: in November, the domestic market price of potassium nitrate first fell and then rose. On November 4, Jiaocheng County Hesheng Chemical Co., Ltd. adjusted its price by 100 yuan / ton, 4400 yuan / ton. On November 19, Wentong potash Group Co., Ltd. increased its price by 5 yuan / ton, and 4300 yuan / ton after adjustment. The decline was mainly affected by the slight drop in nitric acid of upstream raw materials, which did not play a certain supporting role in the price of potassium nitrate. In addition, the overall downstream demand is general, the inventory is relatively sufficient, the rising power is insufficient, and the price is mainly stable. In November, the price change is not big, and the domestic mainstream potassium nitrate manufacturers offer 4200-4500 yuan / ton.
III. future forecast
According to analysts of potassium nitrate of business association, the recent market consolidation of nitric acid is the main trend, spot trading is tepid and tepid, and it is expected that the demand for potassium nitrate will not be greatly improved in the short term, so the market consolidation may continue.
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