Recently, the price of domestic nitrogen, phosphorus and potassium raw materials has been rising, although the urea market has fluctuated slightly in the middle price, but driven by the international printing label, the trend has resumed. In terms of potash fertilizer, potassium chloride also returned to the import cost line, and potassium sulfate prices continued to rise.

International raw material prices, nitrogen, phosphorus and potassium in the respective international market driven by bidding, prices continue to pull up, basically reached the domestic and foreign markets in step, prices pick up.

From the perspective of the international potassium chloride price trend, in mid-July, the spot price of the international Brazilian market took the lead in recovering, mainly reflected in the large particles of potassium chloride varieties, Brazil in the market demand recovery driven by the increase in demand for potassium chloride raw materials, indicating that the international potassium chloride market signs of improvement. On the Indian side, the price of the new big contract rumored in the early stage has not been officially announced, but from the recent order transactions, the Indian NFL has awarded the tender on July 31, the 100,000 tons of standard potassium chloride at the CIF price of 319 US dollars/ton, and has 180 days of credit, which is consistent with the previous speculation of the contract price of India’s new standard potassium chloride. But the price is still higher than China’s large contract price of $307 / ton.

On the other hand, look at the international potassium sulfate market trend, from the price point of view, the main northwest Europe and Asia potassium sulfate market prices gradually stabilized, did not continue to fall, and even northwest Europe potassium sulfate FOB last week appeared to increase the trend of recovery, while Asia potassium sulfate FOB in nearly a month to maintain a relatively stable situation.

From the perspective of the domestic market, the price of potassium sulfate stopped falling earlier than potassium chloride, potassium sulfate market stopped falling in mid-June and began to reverse, and potassium chloride market began to pick up in late July. Under the control of major importers and domestic potassium chloride market sources, the market price of potassium chloride has gradually returned to near the import cost price of large contracts, and the sources of goods in the bonded area have also been released in an orderly and quantitative manner to supplement the supply flow in the domestic market. In terms of potassium sulfate, the maintenance of all resource-based potassium sulfate manufacturers continues, and the processing device has recovered to an average of 60%, but it has not fully met the demand of the market, so the price is still continuing to rise under the tight supply of potassium sulfate.

According to the domestic supply and demand relationship, the probability of potash market will remain at the current price level, and the price of potassium chloride continues to rise, which still needs to be driven by the demand of downstream factories; The potassium sulfate market still needs to pay attention to the continuation of orders in September, whether it can still maintain the trend of tight supply, but it has to pay attention to the end of the equipment overhaul of resource-based factories in September, and the production will resume one after another, and there will be a certain supply to supplement the domestic shortage of potassium sulfate market.

Joyce

MIT-IVY INDUSTRY Co.,Ltd.

Xuzhou, Jiangsu, China

Phone/WhatsApp : + 86 19961957599

Email :kelley@mit-ivy.com http://www.mit-ivy.com