Commodity index: on September 28, the polyacrylamide commodity index was 85.34, which was the same as yesterday, 20.34% lower than 107.13 (2019-05-08), and 2.96% higher than the lowest point of 82.89 on August 02, 2020. (Note: cycle refers to the period from April 1, 2019 to now)

The data showed that the polyacrylamide (CPAM, cation, molecular weight 12 million, 10-30 ionic degree) was stable in the second half of September. The manufacturer’s production is normal, the quotation is stable, and the downstream demand does not appear the expected “Jinjiu” market in the industry.

Among them, the mainstream quotation range of polyacrylamide is as follows: cationic, molecular weight 12 million (10-30 ionic degree) quotation 14000-15000 yuan / ton, anion: molecular weight 10 million yuan / ton 6800-9600 yuan / ton, molecular weight 12 million yuan / ton, molecular weight 14 million yuan / ton, solid particle quotation 9000-11500 yuan / ton, molecular weight 16 million solid particle quotation 9600-10500 yuan / ton, molecular weight 18 million solid The quoted price of bulk particles is 10400-11000 yuan / ton, the molecular weight is 18-20 million yuan / ton, and that of powder is 12000-12500 yuan / ton; that of non-ionic is about 12000-13000 yuan / ton.

For upstream acrylonitrile, the mainstream market quotation was 8450 yuan / ton at the end of August, and about 8750 yuan / ton since September. Plant performance: the settlement price of acrylonitrile products of Sinopec North China and East China chemical marketing company executed 8700 yuan / ton in September, up 900 yuan / ton compared with the settlement price of last month. Jilin Petrochemical’s first and third unit was restarted on September 19. At present, its four acrylonitrile production lines have been restarted. On September 21, Korea’s Taiguang Industrial Co., Ltd. shut down one production line of its 290000 T / a acrylonitrile plant in Yushan due to technical failure, and the restart time was not determined. The restart time of the 90000 T / a acrylonitrile plant of Turkish manufacturer petkim in Aliaga continues to be delayed, and is expected to resume after mid October. Ineos’s 300000 t / a acrylonitrile plant in Cologne, Germany, is scheduled to be shut down for maintenance at the end of September.

From the perspective of the industry, the prosperity of environmental protection water treatment industry has not recovered significantly since 2020. During the period from January Spring Festival holiday to February 20, relevant enterprises in main production areas stopped production and delayed to resume work. After February 20, the manufacturers in the main production areas gradually returned to work and production. In March, logistics returned to normal, mainly consumed inventory. In April, the manufacturers survived normally, and the raw material cost was partly reduced and the demand was weak, which led to the high inventory of manufacturers. On May 6, the national high-speed recovery of charges, the price of acrylonitrile and other raw materials rose, the ex factory price of polyacrylamide did not change much, and there were more stocks; with the upstream propylene of acrylonitrile rising in the industrial chain relationship of “propylene PP melt blown cloth mask”, the production capacity of acrylonitrile manufacturers decreased this month, which directly led to the firm price of acrylonitrile. In July, the price of acrylonitrile was sharply reduced, and the cost of polyacrylamide was lowered. Some enterprises lowered the price of their products according to the trend, and then rebounded in the second half of the month. However, the prices of manufacturers did not change significantly. In fact, most manufacturers hoarded raw materials, and the cost of purchasing determined the price and cost. In August, acrylonitrile continued to rebound slightly, and then continued to stabilize. Since the second half of September, it has remained stable after a small fluctuation, and the amplitude of the shock is insignificant, and the demand has not increased significantly.

According to the market forecast, the market of polyacrylamide is basically stable in the second half of September, and there is no obvious sign in the golden period of “gold nine silver ten”. The manufacturer expects that with the gradual decrease of temperature and the arrival of the later heating season, the demand for water treatment products from environmental protection and other aspects will increase.

Commodity index: on September 28, the polyacrylamide commodity index was 85.34, which was the same as yesterday, 20.34% lower than 107.13 (2019-05-08), and 2.96% higher than the lowest point of 82.89 on August 02, 2020. (Note: cycle refers to the period from April 1, 2019 to now)

The data showed that polyacrylamide (CPAM, cation, molecular weight 12 million, 10-30 ionic degree) was stable in the last week of September. The manufacturer’s production is normal, the quotation is stable, and the demand is not changed much.

Among them, the mainstream quotation range of polyacrylamide is as follows: cationic, molecular weight 12 million (10-30 ionic degree) quotation 14000-15000 yuan / ton, anion: molecular weight 10 million yuan / ton 6800-9600 yuan / ton, molecular weight 12 million yuan / ton, molecular weight 14 million yuan / ton, solid particle quotation 9000-11500 yuan / ton, molecular weight 16 million solid particle quotation 9600-10500 yuan / ton, molecular weight 18 million solid The quoted price of bulk particles is 10400-11000 yuan / ton, the molecular weight is 18-20 million yuan / ton, and that of powder is 12000-12500 yuan / ton; that of non-ionic is about 12000-13000 yuan / ton.

In the last week of September, the price of upstream acrylonitrile was only increased by 50 yuan / ton on 25th, and the price was about 8750 yuan / ton. Plant performance: the settlement price of acrylonitrile products of Sinopec North China and East China chemical marketing company executed 8700 yuan / ton in September, up 900 yuan / ton compared with the settlement price of last month. Jilin Petrochemical’s first and third unit was restarted on September 19. At present, its four acrylonitrile production lines have been restarted. On September 21, Korea’s Taiguang Industrial Co., Ltd. shut down one production line of its 290000 T / a acrylonitrile plant in Yushan due to technical failure, and the restart time was not determined. The restart time of the 90000 T / a acrylonitrile plant of Turkish manufacturer petkim in Aliaga continues to be delayed, and is expected to resume after mid October. Ineos’s 300000 t / a acrylonitrile plant in Cologne, Germany, is scheduled to be shut down for maintenance at the end of September.

From the perspective of the industry, the prosperity of environmental protection water treatment industry has not recovered significantly since 2020. During the period from January Spring Festival holiday to February 20, relevant enterprises in main production areas stopped production and delayed to resume work. After February 20, the manufacturers in the main production areas gradually returned to work and production. In March, logistics returned to normal, mainly consumed inventory. In April, the manufacturers survived normally, and the raw material cost was partly reduced and the demand was weak, which led to the high inventory of manufacturers. On May 6, the national high-speed recovery of charges, the price of acrylonitrile and other raw materials rose, the ex factory price of polyacrylamide did not change much, and there were more stocks; with the upstream propylene of acrylonitrile rising in the industrial chain relationship of “propylene PP melt blown cloth mask”, the production capacity of acrylonitrile manufacturers decreased this month, which directly led to the firm price of acrylonitrile. In July, the price of acrylonitrile was sharply reduced, and the cost of polyacrylamide was lowered. Some enterprises lowered the price of their products according to the trend, and then rebounded in the second half of the month. However, the prices of manufacturers did not change significantly. In fact, most manufacturers hoarded raw materials, and the cost of purchasing determined the price and cost. In August, acrylonitrile continued to rebound slightly, and then continued to stabilize. The market remained stable in the last week of September, and there was no obvious change in demand and transaction.

According to the forecast of the future market, the market of polyacrylamide is stable in the last week of September, and the manufacturers are disappointed with the market this month. For the future market, it is generally believed that with the arrival of late autumn and winter, the demand for heating and environmental protection will improve the industry, and there are some expectations.

According to the data of the business agency, the average price of domestic aluminum ingots in East China market on September 29 was 14750 yuan / ton, up 0.27% compared with the average market price of 14710 yuan / ton at the beginning of the month (September 1), 1.35% higher than the valley value of the average market price at the beginning of the year (January 1), 14553.33 yuan / ton, an increase of 31.27% compared with the valley value of the average market price in the year (March 24).

In September, the price of aluminum ingots first fell and then rose. At the end of the month, it fell for two consecutive days, breaking through the earlier shock range (the fluctuation range was 14500-14800 yuan / T), and then the price rebounded. Generally speaking, the price still maintained the horizontal trend.

Overview of electrolytic aluminum fundamentals in September

1. The social inventory of electrolytic aluminum moved down in September

According to statistical data, as of September 24, the domestic electrolytic aluminum social inventory (including SHFE warehouse receipt) totaled 716000 tons, which was about 39000 tons lower than that on August 28.

2. Downstream operation in September: the demand for strip, foil and alloy ingot is small, and the demand for profile and cable is weak

Aluminum plate and strip: the operating rate of plate and strip enterprises is relatively high, about 80%. In September, the automobile brazing plate gradually warmed up, and the demand for building plate, strip and decorative material was stable, and the tank material was not as good as that in the early stage, so the overall demand was relatively good, especially for 5-series and 6-series medium and heavy plates. At present, the production period of large enterprises with floor belt is between 1-1.5 months.

Aluminum foil: in September, the demand for electronic foil, battery foil and double zero soft wrapping foil was better, followed by pharmaceutical foil and cigarette foil. At the end of the month, Thailand announced that it would launch a safeguard measure against China’s aluminum foil export, superimposing the anti-dumping threat from 27 EU countries and India, 30% of the aluminum foil export volume was affected by foreign policies, and the export end was not easy.

Primary aluminum alloy: from August to September, the primary alloy has new production capacity, and the current operating rate of the industry is 60-70%. Affected by the favorable opening rate of downstream aluminum wheel plants, the demand for A356.2 alloy, the main specification, was good, which greatly offset the negative feedback effect of new capacity.

Aluminum cable: in September, the State Grid and China Southern Power Grid announced less orders for UHV, and the new orders were not as high as the same period last year, and the overall operating rate of the industry moved down month on month.

Aluminum profile: the demand for industrial profile increased slightly in peak season, but the demand for architectural profile was lower than expected, and the overall performance of profile plate in September was poor. Due to the EU’s provisional anti-dumping duty on Chinese aluminum profiles, the recovery trend of export is not optimistic.

3. The price of raw alumina moves down and the export of prebaked anode increases

In September, affected by the downward movement of overseas alumina prices, although the domestic upstream mines have strong willingness to support prices, the overall market price of domestic alumina still moved down slightly.

In the first eight months of 2020, the export situation of prebaked anode is good. According to the customs data, from January to August 2020, the total export volume of domestic prebaked anode reached 1072100 tons, an increase of 40.14% year-on-year. Among them, domestic pre baked anode exports totaled 153200 tons in August, with a month on month increase of 21.78% and a year-on-year increase of 131.7%.

In terms of new capacity, Gongyi Yinshan Metallurgical Materials Co., Ltd. has added an environmental protection and low consumption prebaked anode production line, which is expected to be put into production at the end of the month. Nanjiang carbon plant in laer City, Xinjiang has a capacity of 300000 tons of pre baked anode. The calciner was successfully ignited this month, and the trial production of baked anode is expected in October. Yunnan sotong Yunnan aluminum carbon material Co., Ltd., with an annual output of 900000 tons and a phase I construction of 600000 tons, is currently under construction. The 450 kt / a prebaked anode project of Inner Mongolia Chuangyuan Metal Co., Ltd. is under construction, and the specific commissioning time is to be determined.

Future forecast

Aluminum prices have been running sideways for a long time, and the upward breakthrough is weak, mainly based on the fact that the average profit of domestic aluminum price is still acceptable, the enthusiasm of new production and re production capacity is high, coupled with the price difference between internal and external, the original aluminum import volume increases, resulting in greater domestic supply pressure. Fortunately, the social inventory data shows that although the export market is still significantly down year-on-year, domestic consumption is good. This week, aluminum prices fell for two consecutive days, and then recovered rapidly. Ye Jianjun, an analyst at the business agency, believes that the recent impact of external prices on basic metals is relatively large. In addition, although the consumption demand in September’s traditional consumption peak season has increased month on month, the market expectation of oversupply in the aftermarket has intensified, leading to the rise of the market’s expected demand for consumer demand, and the consumer demand is not as good as the market forecast It is expected that the aluminum ingot price will be weak and stable in October, and the price range will be 13500-15000 yuan / ton.

According to the data of business agency, the spot price of gold on September 29 was 403.78 yuan / g, a decrease of 4.68% compared with the average price of 423.60 yuan / g in the spot market at the beginning of the month (9.1); the spot price of gold was 342.54 yuan / g at the beginning of the year, up 17.88%; the spot price of gold was 331.75 yuan / g, an increase of 21.71% compared with the average price of spot gold in the spot market at the beginning of September 29 (9.1); the spot price of silver was 448 yuan / g when compared with the peak value (8.7) of the year , down 9.87%.

The average price of silver on September 29 was 5014.33 yuan / kg, which was 19.60% lower than the average price of 6237 yuan / kg in the spot market at the beginning of the month (September 1); the spot price of silver at the beginning of the year (01.01) was 4281.67 yuan / kg, an increase of 14.58%; the spot price of silver was 2942.67 yuan / kg, an increase of 70.40%; compared with the peak value of 8.11, the spot price of silver was 6708.33 yuan / kg , down 25.25%.

US dollar index rebounds strongly and turns green after the end

The reference index of negative correlation of precious metals — the dollar index, rebounded strongly last week and continued to rise for 2 consecutive days this week.

Future forecast

In the early stage, the international market was affected by the strength of the US dollar and the rise of real interest rates, and investors’ preference for precious metals was relatively reduced; after the precious metals experienced a continuous slump after the high horizontal trading, the game between the current profit margin flight and the market bottom fund began, and the market confidence gradually established.

Ye Jianjun, an analyst at the business agency, believes that the monetary easing policies of the major central banks continue, and the price supporting factors are still in place. In addition, geopolitical risk events such as the Sino US situation, the situation in the Taiwan Strait, and the border conflict between China and India frequently occur, narrowing the space for further price reduction of precious metals, and increasing the probability of stabilizing horizontal trading.

Key indicators for future market

1. The latest US non farm data released on the first Friday of October

2. PMI released at 9:00 on the first working day of October

3. The third quarter GDP data released around October 15

4. Central bank policies and Federal Reserve policies of major economies

5. Brexit trade negotiations, US election debates, and geopolitical game emergencies

This week, the spot tin market price (9.21-9.27) rose and then fell back. The domestic market average price was 144112.50 yuan / ton at the beginning of the week and 141475 yuan / ton at the weekend, with a weekly decrease of 1.83%

On September 26, the tin commodity index was 72.07, which was the same as yesterday, decreased by 28.11% from the highest point of 100.25 in the cycle (2011-09-05), and increased by 68.15% from the lowest point of 42.86 on December 09, 2015. (Note: period refers to 2011-09-01 to now).

In terms of futures, Shanghai tin prices rose from Monday to Wednesday, while US dollar prices rose sharply on Wednesday, as well as the impact of overseas public health events, the metal market weakened in an all-round way, and Shanghai tin entered a downward channel..

Spot market this week basically follow the trend of Shanghai tin, first up and then down, after Wednesday into the downward channel. In terms of supply, Myanmar’s ban extended to the end of October. Statistics show that domestic tin ore imports in August fell by 37% year-on-year, with an import of 8077 tons. In terms of refined tin, the import volume in August was 348 tons, down 87.5% month on month. Downstream demand is still general, strong performance in the off-season, most of the downstream demand procurement, limited trading. As of Friday, the promotion and discount of Shanghai tin 2010 contract was maintained at 500 yuan / ton for ordinary cards and 1000-1500 yuan / ton for small cards.

According to the price monitoring of the business agency, in the 38 th week (9.21-9.25) of 2020, there are 4 kinds of commodities in the non-ferrous plate rising month on month, and the top three commodities are antimony (2.93%), silicon metal (1.61%) and cobalt (0.24%). There were 17 kinds of commodities with a decline of more than 5%, accounting for 4.5% of the total number of monitored commodities in the plate; the top three products were silver (- 15.67%), zinc (- 4.51%) and gold (- 4.12%). This week, the average rise and fall was – 1.88%. The metal market rose in the first half of this week, and was affected by the rise of US dollar on Wednesday, and the metal market was mainly downward.

In the aftermarket, the business associations believe that most of the downstream industries of tin are in the off-season, and the demand is more general at present. The price of tin spot market mostly follows the trend of futures market. It is expected that the future market will maintain oscillation.

From September 21 to September 25, 2020, the crude benzene market price will be slightly adjusted. The factory price in North China will be 2473.75 yuan / ton at the beginning of the week and 2511.25 yuan / ton at the weekend, with a weekly increase of 1.52%.

On August 14, 2020, the price of pure benzene of Qilu Petrochemical (Sinopec North China) will be reduced by 100 yuan / ton, and the price will be 3300 yuan / ton after adjustment. As of September 25, Sinopec’s price has not been adjusted

This week, coking enterprises started to operate well. After two rounds of rising in September, Shandong took the lead in landing, and the downstream demand was good. Coking enterprises generally started higher, and rough labor supply was sufficient. This week, crude benzene prices rose and fell by half. The prices in Shandong and Hebei rose slightly by about 50 yuan / ton, while those in Shanxi Province decreased by 20 yuan / ton. Other areas in Northeast China were low. In terms of fundamentals, crude oil and pure benzene were lower this week, while fundamentals were mainly negative. As of Friday, crude benzene Market in Shandong was about 2530-2550 yuan / ton, up 50 yuan / ton compared with last week.

Start up of some hydrogenated benzene units in September 2020

Enterprise name device status device capacity remarks

Shandong Shengyun chemical shutdown 100000 tons, restart time to be determined

Derun Chemical Co., Ltd. shut down 150000 tons in February

Shandong Jinneng Chemical Co., Ltd. shut down 100000 tons in July

Hebei Jiantao parking 100000 tons in March

100000 tons parking in Baofeng, Ningxia last week

In terms of downstream demand, the operating rate of hydrogenated benzene enterprises this week decreased by about 5% compared with that of last week, and the cost pressure of hydrogenated benzene enterprises was still large, and some enterprises shut down. Close to the long holiday, most manufacturers have completed the stock preparation, which has a certain support for the price of crude benzene.

In terms of aftermarket, the business agency believes that the cost pressure of downstream hydrobenzene enterprises is still high, the market fundamentals of pure benzene and crude oil are weak, and the advantages are insufficient. The phenol operating rate has decreased significantly this week, most of the other products have increased slightly, the downstream profit situation is still not optimistic, the demand for hydrogenated benzene is limited, and the action force in the crude benzene market is insufficient

According to the data monitored by the business agency, as of September 28, the price quoted by pet water bottle manufacturers was 5283.33 yuan / ton, and the price of mainstream manufacturers was around 5250-5350 yuan / ton. The market of polyester bottle chip in South China was in a weak position, with the mainstream price of 5000-5100 yuan / ton.

Pet market is weak, downstream demand is weak, market negotiation focus is weak, downstream cautious wait-and-see demand is not good, the number of new orders is limited, the negotiation atmosphere is low, and just need procurement is the main. At present, polyester bottle chips in East China are running at a low level, and the mainstream manufacturers’ offer is close to 5250-5300 yuan / T. South China is in a weak position. The mainstream negotiation price is 5000-5100 yuan / ton, and the current Xiamen Tenglong price is It is 5300 yuan / ton for GE, 5300 yuan / ton for Guangdong Taibao, 5250 yuan / ton for Zhuhai China Resources, 5250 yuan / ton for Zhejiang wankai, and 5300 yuan / ton for Yizheng Chemical fiber. At present, the shipment is smooth and the inventory is general.

The upstream PTA market is weak, pet is lack of good support, just need procurement is given priority to, and the negotiation atmosphere is dull.

On September 27, PTA commodity index was 33.34, unchanged with yesterday, down 67.92% from 103.92 (2011-09-15), and 10.80% higher than the lowest point of 30.09 on April 22, 2020. (Note: period refers to 2011-09-01 to now)

On September 27, the rubber and plastic index was 645 points, unchanged with yesterday, 39.15% lower than 1060 (2012-03-14), and 22.16% higher than the lowest point of 528 on April 06, 2020. (Note: period refers to 2011-12-01 to now)

Pet analyst of business agency thinks: pet market runs smoothly in the short term, and the focus of negotiation is low. (the above prices are provided by major pet manufacturers all over the country and analyzed by pet business analysts for reference only. Please contact relevant manufacturers for more price details.)

1、 Price trend

According to the monitoring of the bulk data of the business agency, the market of chloroform in Shandong has been stable recently. As of September 28, the average price of chloroform in Shandong was about 1980 yuan / ton, an increase of 3.66% compared with 1910 yuan / ton at the beginning of the month.

At present, the domestic trichloromethane market is running steadily. Downstream and traders have good intention to prepare goods before the festival. Affected by enterprises’ burden reduction and demand support, enterprises’ inventory pressure is not great, and the price intention is good. However, due to the transportation restriction during the national day, the price rise space of chloroform is limited. At present, the quotation in Shandong is about 1950-1980 yuan / ton, Jiangxi Liwen is about 2300 yuan / ton, and Jiangsu is about 2650 yuan / ton.

In terms of upstream market, methanol market tends to be stable before the festival, with few offers for logistics goods. Most of the operators wait and see, and the market transaction is average, at present, about 1790 yuan / ton; the liquid chlorine market starts smoothly, the spot supply is sufficient, and the operators are mainly on the wait-and-see manner, and the mainstream price of the industry is about 900-1100 yuan / ton.

The market situation of refrigerants is not clear, the demand is weak, the market transaction is weak, the market price of various types of refrigerants continues to be low, the market lacks obvious positive signals, and the attitude of the industry is negative; the pharmaceutical and agricultural solvent industry started smoothly, and there is insufficient support for dichloromethane.

According to the methane chloride data of the business society, the domestic chloroform market is stabilizing, and the manufacturers have a good attitude of raising prices when the inventory is not under pressure. With the arrival of the National Day holiday, the Limited Logistics and transportation situation will lead to a weak trade in the industry. It is expected that the trichloromethane market will maintain stable operation in a short period of time.

1、 Price trend

This week, the factory price of octanol in Shandong remained stable. This week, the average ex factory price of octanol in Shandong was 7416.67 yuan / ton, down 4.51% from the same period last year. Overall, octanol market remained stable this week, with the octanol commodity index of 54.54 on September 25.

2、 Market analysis

Judging from the manufacturer’s quotation, the main octanol manufacturers in Shandong Province have offered a stable price this week: Jianlan Chemical Co., Ltd. offered 7300 yuan / ton of octanol at the end of this week, which was temporarily stable compared with the beginning of the week; lihuayi’s offer of octanol at the end of this week was 7350 yuan / ton, which was temporarily stable compared with the beginning of the week; Hualu Hengsheng’s offer of octanol this weekend was 7600 yuan / ton, which was temporarily stable compared with the beginning of the week.

Judging from the upstream and downstream industrial chain, the propylene market in the upstream raw material market of octanol rose slightly this week, with the quotation rising from 7467.27 yuan / ton at the beginning of the week to 7469.09 yuan / ton at the end of the week, an increase of 0.02%, and a decrease of 4.90% compared with the same period last year. The market price of upstream raw materials is basically unchanged, and the impact on octanol price is limited due to the influence of supply and demand.

The downstream market of octanol, DOP factory price temporarily stable this week. DOP quoted 7266.67 yuan / ton, a year-on-year decrease of 8.79%. The downstream DOP price remains unchanged, the downstream customers’ enthusiasm for octanol purchasing is general, the octanol demand is normal, and the DOP price remains unchanged, which has a limited impact on the octanol market. After the market operators more watch the trend of DOP.

3、 Future forecast

In late September, the market trend of octanol in Shandong was mainly fluctuated. Near the holidays, the upstream propylene market remained unchanged, which gave limited support to octanol, and the downstream DOP market was also stable, the downstream purchasing enthusiasm was general, and the octanol supply was normal. Octanol analysts believe that: in late September, under the influence of supply and demand and raw materials, the octanol market in Shandong may fluctuate slightly.

1、 Price trend

The comprehensive price of potassium chloride is temporarily stable this week. This week, the average price of the mainstream comprehensive quotation of potassium chloride was 1925.00 yuan / ton, which was 13.68% lower than that of the same period last year. Overall, this week’s potassium chloride market temporarily stable, on September 25, the potassium chloride commodity index was 61.11.

2、 Market analysis

This week, the quotation of mainstream manufacturers of potassium chloride is temporarily stable: the ex factory quotation of Qinghai Salt Lake potassium chloride at the weekend is 1850 yuan / ton, which is temporarily stable compared with the beginning of the week; the quotation of Anhui Badou potassium chloride sales at the weekend is 2000 yuan / ton, which is temporarily stable compared with the beginning of the week. The actual turnover of potassium chloride market this week is not good. Overall, the main contradiction in the market is that supply exceeds demand, the trading atmosphere is cold, the downstream procurement is mainly on demand, the overall inventory is low, the purchasing market momentum is low, and the domestic potassium chloride market is stable.

3、 Future forecast

In late September, the overall trend of potassium chloride market or low consolidation. The market of potassium chloride is facing the pressure of three mountains, namely, the large stock in Hong Kong, the weak demand and the downward trend of international prices. Therefore, the main contradiction in the current market is that supply exceeds demand. Potassium chloride analysts of the business club believe that the short-term potassium chloride market is mainly low consolidation under the influence of supply and demand and raw materials.