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Stagnant market fundamentals for Potassium Carbonate in China

Stagnant market fundamentals for Potassium Carbonate in China

Stagnant market fundamentals for Potassium Carbonate in China

  • 14-Apr-2022 7:21 PM
  • Journalist: Rene Swann

The Potassium Carbonate market observed stability in its price trend for the past few weeks owing to the steady demand from downstream industries. The firm feedstock potassium chloride has further supported the cost of potassium carbonate. Inventories are plentiful, but downstream demand is weak due to a lack of inquiries from end users such as detergent manufacturers and agrochemical producers. According to the ChemAnalyst database, the price of potassium carbonate in April was USD 1424 FOB Qingdao and USD 1311 Ex-Mumbai.

Potassium carbonate, a white powder commonly utlized in pharmaceutical laboratories and in the production of soap and glasses, is produced by a reaction between liquid Potassium hydroxide and carbon dioxide, followed by filtration and then drying.

The feedstock potassium chloride market has been at a high level recently, keeping the market price of Potassium carbonate stable and the hindrance in supply due to the current epidemic situation in the Chinese domestic market. From the demand side, the manufacturers just picked up orders from the end-use industries.

In addition, North China's Shanxi provinces halted the delivery of all the couriers on the 13th of April after seven logistics workers tested positive in the capital Taiyuan. Thus, seeing this critical situation at the port, the Shanxi province has asked Yunda express couriers in the Yuncheng city to undergo 14 days of isolation.

Wentong potash Group Co., Ltd., a significant player in Potassium carbonate, operated at an optimum rate with enough inventories to cater for the demand. The price quoted by the company was USD 1459/MT, whereas the ex-factory price for Shanxi Jiaocheng Mingxing Chemical Co., Ltd was USD 1349/MT as of the first week of April.

According to the ChemAnalyst analysis, "an increase in demand from various end-use industries, especially agrochemicals, is expected to boost the potassium carbonate market. The demand from the fertilizer industry may contribute to the price change of potassium carbonate in the upcoming weeks".

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