Research report on the price and future trend of Potassium carbonate in China in the second half of 2024

Dear overseas factories using potash raw materials:

In the second half of 2024, China's potash market showed a more complex situation. Looking back to June, according to the data of professional institutions, the benchmark price of potassium carbonate is about 7330 RMB/ton, and the price fluctuates in a relatively narrow range throughout the month, and the market performance is relatively stable.

Entering the second half of the year, from July to August, the price of potassium carbonate basically remained in the range of 7200-7400 RMB/ton. At this stage, the operating rate of domestic potassium carbonate production enterprises is relatively stable, and there is no major change in the supply side. At the same time, downstream demand is mainly from glass and ceramics, agricultural chemicals, food industry, pharmaceutical industry and other fields, demand is also relatively stable.

However, September to October saw some volatility in the market. On the one hand, due to rising energy prices in some areas, the production cost of potassium carbonate has increased. On the other hand, the demand for potassium carbonate in the international market has increased to a certain extent, which also has an impact on the domestic market price. During this period, the price of potassium carbonate rose to about 7500-7600 RMB/ton.

As of November, potash prices have fallen slightly, but are still at a high level. At present, there is a certain difference in the price of industrial grade potassium carbonate and food grade potassium carbonate in the market. In general, food grade potassium carbonate is relatively expensive due to its higher quality requirements and more stringent production standards.

For the future trend, there are several aspects worth paying attention to. First, fluctuations in raw material prices will continue to have an important impact on potash prices. For example, potassium chloride as one of the main raw materials of potassium carbonate, if its price rises, the production cost of potassium carbonate will also increase. Secondly, the demand changes in the downstream industry will be a key factor affecting the price of potassium carbonate. With the technological upgrading of the glass and ceramics industry, the development of the agricultural chemicals market, and the increasing demand for high-quality potassium carbonate in the food and pharmaceutical industries, the demand for potassium carbonate is expected to maintain steady growth.

In addition, the market competition pattern will also have an impact on the price of potassium carbonate. There are many domestic potash production enterprises, and the market competition is more fierce. In this case, the enterprise's production technology, product quality and service level will become the key to competition.

In general, in the second half of 2024, China's potash market prices fluctuate greatly, but there is still a certain potential for development in the future. As an exporter of potash, our company will pay close attention to market dynamics, provide you with quality products and services, and jointly cope with market challenges.

To Get free samples, consult product procurement process, packaging and transportation and other details, please feel free to contact us to provide you with professional services.