Potash fertilizer: high inventory and price fluctuations

After the Spring Festival, although the pressure on high potash stocks decreased slightly, the overall transaction atmosphere was still not good.
The middleman waited for the downstream start, and the new round of fertilizer preparation fell into a stalemate.
Compared with before the holiday, the price of potash fertilizer has dropped by 50-100 yuan (ton price, the same below).
During the Spring Festival, most areas in the north ushered in rain and snow, the spring drought has eased, and the actual demand for fertilizer may be postponed.
The current social inventory of potash fertilizer is relatively high, and on-demand procurement is still the main operating mode of enterprises.
Potassium chloride inventory is under great pressure, and merchants' quotations continue to fluctuate and adjust.
International potash fertilizer prices continue to decline, and large contract prices are expected to become lower and lower.
The author believes that there is no hope for the potash market to improve in the short term, and market operations must be cautious.
The price reduction of imported potassium chloride was mainly in the port market, with an overall decline of 50-100 yuan.
Among them, 62% of the main quotations of Russian white potassium northern ports are 2050-2080 yuan, and the quotations of southern ports are about 2150 yuan.
In addition, in the Northeast market, which has attracted much attention, due to the downstream market's purchase before the Spring Festival, the port potash fertilizer inventory has dropped significantly.
Among them, the low-end price of pellets of Russian red potassium fell to 2,000 yuan, and the low-end price of Russian red potassium fell to 1,900 yuan.
Even so, the downstream market still has a strong wait-and-see atmosphere.
Most domestic manufacturers will resume production in early March.
Salt Lake Potash has just adjusted its price before the Spring Festival, and the overall quotation is temporarily stable.
The current 60% crystalline potassium chloride market circulates at a station price of about 1960 yuan.
The latest sales price was implemented last week.
The mainstream arrival price of 60% crystalline potassium chloride in various branches was 1,980 yuan, which was 100 yuan lower than the previous year.
Potassium sulfate The overall market for potassium sulfate operated smoothly last week.
Although the inventory pressure of enterprises continues to be high, the quotations are basically the same as before the holiday.
Xinjiang Luoka continued to use its price advantage to continuously attack Mannheim companies and trigger market pessimism.
Spring plowing and fertilizer preparation are about to start.
Xinjiang Luopotash will slightly increase the sales price of potassium sulfate by 50 yuan, and the price of 51% powdered potassium sulfate will be remitted to the station at 2350 yuan, and the acceptance will increase by 50 yuan.
In the case of continuous fluctuations in raw material prices, processing enterprises have gradually increased their production space, and transactions may usher in a turning point.
Up to now, the mainstream ex-factory price of 50% powdered potassium sulfate in northern regions is 2500 yuan, and the low-end transaction price is about 2300 yuan.
The inventory of Qingshang Group in the Southern Market continued to climb, and the quotation remained high.
The mainstream ex-factory price of 50% powdered potassium sulfate was 2700-2800 yuan.
International During the Spring Festival, international potash fertilizer sales were sluggish, and merchants' quotations continued to fluctuate downward.
The standard FOB price of potassium chloride: Vancouver, US$211-275, Northwest Europe, US$215-279, Jordan, US$230-275, Israel, US$215-275, Southeast Asia, US$255-290.
The CIF price of granular potassium chloride: Brazil 230-240 US dollars, Europe 265-275 euros.
International FOB price of potassium sulphate: 490～510 Euros in Northwest Europe.