At present, the domestic price of potash slightly increased, the market based on demand procurement, slightly weak transaction. Affected by the white Rose continued strike and supply in many places slightly tight news, large traders are suspended, the market to wait and see. However, also have the personage inside course of study to think this to domestic potash fertilizer market influence won't be too big.
After rising firm, domestic potash deadlock
Current domestic potash market is basically in a stalemate stage, the domestic potash market has been maintained after rising firm momentum. Ding Weiping, general manager of Guangxi Nanning Zhaofeng Agricultural Materials Co., LTD., said that affected by the printing of urea at the beginning of the month, the price of urea increased by 150 yuan/ton. In addition, some big traders purchased urea, leading to an upward trend in the potash market, and the domestic potash price increased by 100 yuan/ton or so. But in reality the market's support is limited, has not created a lively atmosphere, is at a standstill.
In terms of imported potassium, there are few spot shipments to ships recently, and the inventory has decreased slightly. However, the transaction of new orders is limited, and the port dealers have a single discussion on shipping. At present, the total inventory at the port is about 3.3 million tons. Reporters learned that at the present stage, 62% Russian white potassium port price in 1830 yuan/ton or so, Russian red potassium 1720 yuan/ton or so, particle potassium 1880 yuan/ton or so. Border trade potash fertilizer trading stable, weak stable price, 62% Russian white potassium at 1600 yuan/ton or so, the transaction can be discussed, limited demand.
Domestic potassium, the current plant production is relatively normal. It is understood that the delivery of Qinghai Salt Lake is smooth and the inventory is somewhat digested. The delivery price of 60% white powder or granular potassium chloride at the first station is 1830 yuan/ton. The small plant in Qinghai started operation and delivery is also in normal condition, 57% powdery potassium chloride ex-factory quotation is 1275-1300 yuan/ton.
Potassium sulfate, the current market price stabilization operation. Xinjiang International Investment Luo potassium is currently in the maintenance stage, the inventory is small, 52% powder potassium sulfate one station delivery price to maintain 2550-2600 yuan/ton, 52% particle potassium sulfate first station delivery price to maintain 2700-2750 yuan/ton. The station price of 50% potassium sulfate powder in Qinghai water and salt system is 22330-2320 yuan/ton. Mannheim factory plant operating rate is still maintained at a high level, more early execution of orders.
White Ross turbulence
The global potash market may be affected
Recently, white Ross continued to strike and supply in many places slightly tight news, so that Brazil and other countries were greatly affected, at present white Ross potash has stopped production, do not accept orders, also do not offer. It is understood that white Rose market accounts for a large proportion of global potash. White Rose potash producer BPC potash output accounts for 18% of the global total, and exports more than 16% of the global total. Some industry analysts believe that, as the world's potash production and export giant, BPC has not made clear when the end of the shutdown, if there is a long shutdown, white Rose potash production will be affected, capacity or to shrink, resulting in the reduction of international supply. On the other hand, the outbreak of the epidemic has limited agricultural production for the whole international market structure, and the increase of potash fertilizer consumption will not be too great.
For China's domestic market, BPC is one of the main suppliers of potash fertilizer raw materials in China and India. On April 30 this year, Chinese enterprises have signed a new potash contract with White Rose. Recently, the BPC website also released the letter of notification to partners, saying that it will do its best to fulfill all the contracts signed. So the personage inside course of study thinks, although white rose produces an enterprise to suffer certain influence, but the contract that already signed should be executed.
Wait and see mood is heavy, hind city is given priority to with stable
For the current season, the domestic potash market is basically in a wait-and-see, look forward to and helpless state. At the trader level, if the price is not accounted for after the goods arrive, there will be financial costs and port yard costs, Mr Ding said. Moreover, if the supply exceeds the demand seriously, the market procurement desire will be reduced. Taking the current market in Guangxi as an example, except for sugar mills and fertilizer for forestry, small and medium-sized enterprises are basically wait-and-see oriented. Potassium chloride market is basically stagnant, potash fertilizer on the market is mainly expanded fertilizer, mainly potassium sulfate and potassium nitrate.
For domestic potash late market trend, industry analysts, according to the current domestic overall supply and international capacity to judge, the recent potash market will be basically stable, until the beginning of next spring, the increase will not be too big. From the perspective of national strategy, China attaches great importance to grain production, and the planting area will not be greatly affected by the epidemic, basically the same as in previous years. At present, there will be no big change in the consumption of potash fertilizer. And the current oversupply phenomenon is still serious, domestic inventory is relatively abundant. In addition, the introduction of the national commercial reserve policy to support the agriculture is very strong, so there is little possibility of a significant increase in potash prices. This is based on the current domestic economic situation and the overall production pattern of the international market, he said. There are concerns, however, that the global potash market is tight at a time when big contract negotiations could lead to a short supply run out of Potash from White Ross, with large deliveries due to take place soon. And as many demand began to pick up, potash prices do not rule out the possibility of rising, the latter should focus on the situation of White Ross.
In general, the current potash market stable operation. And the state reserve project winning results announced, coupled with the white Ross strike, food security and other international factors, traders are more reluctant to sell mentality, late potash prices are likely to rise.
