Potash Fertilizer Market in April     

Potassium chloride       

In the first twenty days of April, the price of potassium chloride was relatively stable. Compound fertilizer producers mainly take a wait and see attitude to the market with few trading actions.
    In late April, many distributors of potassium chloride lifted their trading price by about RMB200/t. However, sales are still low at this price. Knowledgeable sources said the price of potassium chloride in some enterprises was even traded at RMB3 350/t, but there were still few trading actions. Demand for potassium chloride was not very large during the off-season. So the price rise will slow down.

Potassium sulfate    

There were few trading actions in domestic potassium sulfate market in April, the operating rate of manufacturers was relatively low, and many of them even suspended production. The demand for potassium sulfate in downstream sectors decreased greatly. The quoted price was RMB4 200-4 600/t while the trading price was around RMB3 800-4 000/t.
    On April 22nd, some enterprises in northern, eastern and northeastern China decreased their trading price by RMB100-200/t.
    It is estimated that manufacturers will maintain at a low operating rate to avoid large inventory. Recently, large number of potassium sulfate produced by SDIC Xingjiang Luobupo Potash Co., Ltd. went into the domestic market, causing great sales pressure to other manufacturers. In a word, the future of potassium sulfate market is not so bright, and its price may decrease further.