Hebei Woldi Trading Co.,LTD
Compound Fertilizer, Monoammonium Phosphate, Potassium Chloride, Potassium Fertilizer, Potassium Sulfate
Recently, the prices of nitrogen, phosphorus, and potassium raw materials in China have been consistently rising. Although the urea market fluctuates slightly in the middle, it has resumed an upward trend driven by international standards. In terms of potassium fertilizer, potassium chloride has also returned to near the import cost line, and the price of potassium sulfate continues to rise.
The international raw material prices, nitrogen, phosphorus, and potassium, driven by bidding in their respective international markets, have been continuously rising, basically reaching the same pace as the domestic and international markets, and prices have rebounded.
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From the trend of international potassium chloride prices, in mid July, spot prices in the international Brazilian market took the lead in stopping the decline and rebounding, mainly reflected in the large particle potassium chloride varieties. Driven by the rebound in market demand, Brazil's demand for potassium chloride raw materials has increased, indicating signs of improvement in the international potassium chloride market. On the Indian side, the previously rumored new large contract price has not been officially announced. However, based on recent order transactions, India's NFL has awarded a bid on July 31st to purchase 100000 tons of standard potassium chloride at a CIF price of $319 per ton, with a 180 day credit limit. This is consistent with the previously speculated contract price for India's new standard potassium chloride, but this price is still higher than the CIF contract price of $307 per ton in China.
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On the other hand, let's take a look at the international market trend of potassium sulfate. From a price perspective, the prices of the main potassium sulfate markets in Northwest Europe and Asia have gradually stabilized and have not continued to decline. Even the offshore price of potassium sulfate in Northwest Europe showed an upward trend last week, while the offshore price of potassium sulfate in Asia has maintained a relatively stable trend in the past month.
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From the perspective of the domestic market, the price of potassium sulfate stopped falling earlier than that of potassium chloride. The potassium sulfate market began to decline in mid June, and the potassium chloride market began to recover in late July. Under the control of major importers and domestic potassium chloride market sources, the market price of potassium chloride has gradually retreated to near the cost price of large contract imports. The supply of goods in the bonded zone is also being orderly and in quantity, supplementing the circulation of goods in the domestic market. In terms of potassium sulfate, all resource-based potassium sulfate manufacturers continue to undergo maintenance, while processing units, although recovering to an average operating rate of 60%, have not yet fully met market demand. Therefore, despite the tight supply of potassium sulfate, prices continue to rise.
Based on the domestic supply and demand relationship, the potassium fertilizer market is likely to remain at its current price level, and the continued rise in potassium chloride prices still requires the demand from downstream factories to drive it forward; The potassium sulfate market still needs to pay attention to the continuation of orders in September and whether it can maintain a tight supply trend. However, it is necessary to pay attention to the completion of equipment maintenance in resource-based factories in September and the gradual resumption of production, which will have a certain supply of goods to supplement the scarce domestic potassium sulfate market.
Compound Fertilizer, Monoammonium Phosphate, Nitrogen Fertilizer, Phosphate Fertilizer, Potassium Chloride, Potassium Fertilizer, Potassium Sulfate
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