January 26th News
On January 26th, the mainstream ex-factory price of 52% powder potassium sulfate rose to 3,950–4,150 RMB/ton, an increase of 50 RMB/ton. This price hike was driven by significant increases in the prices of raw materials, potassium chloride and sulfuric acid, coupled with persistently tight market supply. As a result, potassium sulfate prices continue to rise.
Chempricehub Analysis:
**Potassium Sulfate**
Bull-Bear Score: 1.5
The article indicates that the ex-factory price of 52% powder potassium sulfate increased by 50 RMB/ton to 3,950–4,150 RMB/ton, a notable rise. This was primarily driven by higher prices of raw materials, potassium chloride and sulfuric acid, along with persistently tight market supply. This suggests strong demand and insufficient supply, which will likely push spot prices further upward. The score of 1.5 (moderately bullish) reflects the ongoing upward price trend, but attention should be paid to whether the transmission of raw material costs will continue.
**Potassium Chloride**
Bull-Bear Score: 1
As a key raw material for potassium sulfate, potassium chloride prices were mentioned in the article as having risen significantly, directly driving up downstream product prices. This indicates tight supply and strong demand in the potassium chloride market. While this is bullish for spot prices, the article does not provide specific data on the extent of the price increase. Therefore, the score is 1 (moderately bullish), based on indirect evidence supporting expectations of price increases.
**Sulfuric Acid**
Bull-Bear Score: 1
The significant increase in sulfuric acid prices was cited in the article as one of the drivers behind the rise in potassium sulfate prices, reflecting tight supply or increased costs in the sulfuric acid market, which is bullish for its spot prices. The score of 1 (moderately bullish) stems from the indirectly mentioned upward trend in the article, but the lack of detailed data necessitates monitoring actual supply and demand changes.