January 16th News
On January 16th, the mainstream ex-factory price of 52% powder potassium sulfate rose to 3,950–4,150 yuan/ton, an increase of 50 yuan/ton. Driven by the sharp rise in the prices of raw materials potassium chloride and sulfuric acid, coupled with persistently tight market supply, the price of potassium sulfate continues to climb.
Chempricehub's Analysis:
Potassium Sulfate, Bull-Bear Score: 1.5
The article points out that the ex-factory price of 52% powder potassium sulfate has increased by 50 yuan/ton to 3,950–4,150 yuan/ton, primarily driven by the sharp rise in the prices of raw materials potassium chloride and sulfuric acid. Combined with persistently tight market supply, this has pushed the price of potassium sulfate upward. This indicates tight supply in the spot market and strong cost support, which is favorable for further price increases. Therefore, the score is 1.5 (significant bullish range).
Potassium Chloride, Bull-Bear Score: 1.5
As a key raw material for potassium sulfate, the article mentions that the sharp rise in potassium chloride prices directly drives up the production cost of potassium sulfate. This reflects the tight supply-demand balance or strong demand for potassium chloride itself, which significantly benefits its spot price and supports its continued strength. Therefore, the score is 1.5 (significant bullish range).
Sulfuric Acid, Bull-Bear Score: 1.5
The article explicitly mentions that the sharp rise in sulfuric acid prices is one of the main drivers behind the increase in potassium sulfate prices. As a basic chemical raw material, the rise in sulfuric acid prices indicates tight market supply or increased industrial demand, positively impacting its spot price. It is expected to maintain an upward trend in the short term, hence the score of 1.5 (significant bullish range).