The supply of Potassium sulfate is still tight and the price is firm. The inventory of Mannheim Potassium sulfate manufacturer is basically zero, and the orders are in line. The factory price of 52% of all water-soluble powder is firm at about 3100-3200 yuan/ton; Most of the resource-based Potassium sulfate is still under repair, and the available inventory in the factory has bottomed out. The supply of goods can only be improved after the resumption of production in September.
Price reference
Latest price of Potassium chloride in China
Port 62% white potassium around 2350-2400
Port 60% Dahong particles around 2650-2700
Border trade 62% Russian white potassium around 2200-2250
Qinghai 60% white potassium arrives at stations around 2300-2400
Potassium chloride port stock reference is about 2.8-2.9 million tons
Latest price of Potassium sulfate in China
Processed 52% fully water-soluble powder leaves the factory at around 3100-3200
Resource based 50% powder to station around 2850-2900
The operating rate of processing Potassium sulfate is about 55-60%
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China's Fertilizer Export Data
According to Chinese customs statistics, in June 2023, China exported 2.83 million tons of various fertilizers; Among them, 220000 tons of urea, 1.14 million tons of ammonium sulfate, 93000 tons of diammonium phosphate, and 50000 tons of monoammonium phosphate.
From January to June 2023, China exported 12.72 million tons of various fertilizers, a year-on-year increase of 35.1%; The cumulative export amount was 4.473 billion US dollars, a year-on-year increase of 3%. Among them, the cumulative export of urea was 1.01 million tons, with a year-on-year increase of 39.3%; The cumulative export of ammonium sulfate was 5.81 million tons, with a year-on-year increase of 21.7%; The cumulative export of diammonium phosphate reached 2.41 million tons, with a year-on-year increase of 85.7%; The cumulative export of monoammonium phosphate reached 930000 tons, a year-on-year decrease of 1.3%.
In terms of nutrient conversion, China's cumulative export of urea, ammonium sulfate, Ammonium phosphate into nitrogen, phosphorus and potassium from January to June was 3.7851 million tons.
China's Fertilizer Import Data
In terms of imports, 1.21 million tons of various fertilizers were imported in June 2023. Among them, 1.05 million tons of Potassium chloride and 120000 tons of nitrogen phosphorus potassium ternary compound fertilizer were imported.
From January to June, the cumulative import of Potassium chloride was 5.22 million tons, with a year-on-year increase of 28.5%; The cumulative import of nitrogen phosphorus potassium ternary compound fertilizer reached 630000 tons, with a year-on-year increase of 59.1%.
According to the conversion of nutrients, the cumulative import of Potassium chloride and ternary compound fertilizer converted into nitrogen, phosphorus and potassium from January to June is 3.4344 million tons of pure nutrients.
Main grain and oil farmers in China from January to June
Compound Fertilizer, Monoammonium Phosphate, Nitrogen Fertilizer, Phosphate Fertilizer, Potassium Chloride, Potassium Fertilizer, Potassium Sulfate
