The recent domestic potash fertilizer market trend is more stable than that in the early stage, and the price is high. Near the end of the year, the downstream market has limited procurement of new raw materials, the supply of potash fertilizer market is still tight, and the rise of domestic potash fertilizer market gradually slows down under the condition of limited high-level trading. What about the international market?

The market price of potash fertilizer in some international regions continued to rise, with only a few regions falling by about $2.5 per ton. As of the closing on January 13, the price of standard potassium chloride in Vancouver fell by $2.5 per ton from last week to $519-728 per ton. The price of standard potassium chloride in northwest Europe and Jordan rose by $4-7.5 per ton from last week to $515-759 and $561-751 per ton respectively. The price of standard potassium chloride in the former Soviet Union rose by $5.5 per ton to $508-754 per ton; Israel's standard potassium chloride rose $3 / ton to $561-760 / ton.

The quotation of standard potassium chloride for delivery in the first quarter in Southeast Asia is less than US $600 / ton CFR, but the source is not disclosed. In Malaysia, most plantations completed the procurement bidding for delivery in the first half of 2022 in December 2021, and the price range is mainly equivalent to US $585-590 / ton CFR. In the off-season, domestic demand is weak, and the price of standard potassium chloride is under pressure locally.

The U.S. market is unstable, as the total import of potassium chloride in the United States continues to be higher than the trend in recent years, coupled with the expected increase in domestic production, to ease supply concerns before spring. Before the April 1 deadline for sanctions, emerging transportation challenges from Belarus may minimize further transportation to the United States, although details remain unclear. Affected by the uncertainty of supply and weak demand, U.S. granular potassium fell by $5 / ton compared with a week ago, because under the circumstances of import driven uncertainty and seasonal demand downturn, market participants doubt whether the FOB of $685 / ton Nora can be achieved.

Northwest Europe: the price of granular potassium chloride is stable at 575-600 euros /cfr. Once the demand returns to the market in the first quarter, the manufacturer plans to raise the price. The news that Yara stopped buying potassium chloride from BPC before April 1 echoed the strategies of many other European companies in the EU and US sanctions against Belarus, which made trade with Belarus more challenging. Other producers believe that oil prices in Europe will rise, partly due to the announcement of sanctions. The buyer is concerned that the shipment of any potash fertilizer from Belarus may be postponed or suspended because the financial entity seeking to clarify the shipping details will delay the shipment payment. The price of potassium sulfate remained stable in a small number of transactions, but the producer is expected to rise, especially if the price of potassium chloride continues to rise.