1、 Price trend
| Sodium Molybdate |
2、 Market analysis
According to the data of the business agency, the domestic potassium sulfate market fell this month, and the spot prices of various brands decreased. As of August 29, the average price of 50 particle samples of domestic potassium sulfate was 4900 yuan / ton, up or down by – 8.41% compared with the average price at the beginning of the month.
In August, the domestic potash fertilizer market momentum continued to decline, and the operating rate of potassium sulfate Mannheim type enterprises continued to decline. Although some enterprises increased their load by producing autumn compound fertilizer, the overall operating rate has dropped from 40% at the beginning of the month to nearly 20%. The downstream consumption situation is poor, the flow of compound fertilizer in the third quarter is slow, and the potassium sulfate enterprise has a low load but a high inventory position, which makes it difficult for the supply side to support the spot. In addition, the previous export sales were affected by the export policy to a certain extent, forming various pressures on the on-site supply. The upstream potassium chloride continued to decline in August. Border trade and port cargo volume continued to be high, imported and domestic goods filled domestic inventory at the same time, and downstream enterprises such as potassium carbonate and potassium nitrate purchased generally. The competition in the field was strengthened. By the end of the month, the price had fallen below the cost price. Potassium chloride has poor support for processing potassium sulfate enterprises. The market price of potassium sulfate gradually declined, the profit situation of merchants was poor, the prices of many regions were inverted, and the news of new orders was rare.
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3、 Future forecast
The potassium sulfate analyst of the Business Association believes that the domestic potassium sulfate market fell in August, and the potassium chloride market fell. The cost support of domestic potassium sulfate is weakened. The supply side is general but the follow-up situation on the demand side is poor. Combined with the reduction of export sales, it is expected that the domestic potassium sulfate price will continue to weaken in the short term due to poor demand.
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