January 5th News
On January 5th, the mainstream ex-factory price of 52% powder potassium sulfate rose to 3,950–4,150 yuan/ton, an increase of 50–100 yuan/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, leading to a continuous rise in potassium sulfate prices.
Chempricehub Analysis of Potassium Sulfate
Bull-Bear Score: +2
The mainstream ex-factory price of 52% powder potassium sulfate increased by 50–100 yuan/ton to 3,950–4,150 yuan/ton, primarily driven by significant price hikes in raw materials, potassium chloride and sulfuric acid. The persistently tight market supply has led to cost-driven increases and supply shortages. This situation constitutes a significant positive factor for the spot price of potassium sulfate, with a score of +2, as the notable price increase and supply-demand imbalance reinforce the upward trend.
Potassium Chloride
Bull-Bear Score: +2
As a key raw material for potassium sulfate, the significant price increase of potassium chloride reflects supply tightness or increased demand, directly raising the production costs of downstream products. This factor constitutes a significant positive factor for the spot price of potassium chloride, with a score of +2, as rising raw material costs reinforce its price support, benefiting market expectations.
Sulfuric Acid
Bull-Bear Score: +2
The significant price increase of sulfuric acid, as a raw material for potassium sulfate production, has driven up the costs of downstream products, leading to price hikes. This situation constitutes a significant positive factor for the spot price of sulfuric acid, with a score of +2, as strong demand and tight supply continue to push prices higher, benefiting short-term market trends.