Potash fertilizer prices rose slightly. Qinghai potash fertilizer manufacturers' recent or collective price increase

Last week, the domestic potash fertilizer prices began to show a small upward trend. The average ex-factory price of 57% potassium chloride was 2,768 yuan/ton, a slight increase of 1% from the previous month.

According to follow-up survey data, domestic potash fertilizer prices started to show a slight upward trend last week. The average ex-factory price of 57% potassium chloride was 2,768 yuan/ton, a slight increase of 1% from the previous quarter. Although the increase is not large, but we have received the news shows that with the international potash giants have raised the ex-factory price, the current domestic potash fertilizer manufacturers in Qinghai have plans to increase prices, which will drive domestic potash fertilizer manufacturers collective price increases.

The survey shows that the current domestic and international market expectations of potash fertilizer prices have been filled. Following the international potash giant BPC’s announcement in June that potash fertilizer spot prices in Southeast Asia were raised by US$50/tonne in June, another potash giant, CANPOTEX, announced last week that it will increase the supply prices in Asia and Latin America by US$50/ton, the two giants successively Upgrading the trading price of potash fertilizer has made the price of potash fertilizer in the international market continue to increase and expectations have been raised. As China's potash fertilizer is heavily dependent on imports, the rise in international prices is expected to have a direct impact on China. Domestic prices rose only last week mainly due to the expected time lag.

On the domestic front, it is understood that the potash fertilizer manufacturers in Qinghai last week had plans to increase prices, but it has not yet been implemented, and the current market for potassium chloride is not large, so the ex-factory price and sales price of potash will rise in the near future, but due to domestic The largest importer, Sinofert, and middle peasants both adopted long-term price concessions. The agreement price in the first half of the year was US$400/ton, so the price increase was limited.

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