Potassium Chloride Prices

Potassium Chloride Prices September 2024

The potassium chloride prices in the United States for Q3 2024 reached 380 USD/MT in September. The market saw a decline, driven by reduced demand and disruptions caused by adverse weather. Farmers delayed their purchases due to the uncertainty surrounding crop yields and economic conditions. The agricultural industry's cautious stance, combined with supply disruptions, led to a decrease in prices.

In the potassium chloride, the price trend in China for Q3 2024 settled at 275 USD/MT in September. The market experienced a mixed pricing environment, with prices rising in the first half of the quarter due to production slowdowns caused by adverse weather. However, prices declined in the half-yearly as manufacturing continued to be impacted by typhoons, and demand remained steady but unspectacular, with market participants taking a cautious approach.

In Germany, the prices for Q3 2024 reached 375 USD/MT in September for potassium chloride. The market saw a significant decrease in prices owing to weakening demand from the enricher manufacturing. Severe climate conditions, involving droughts and storms, hampered crop crops and resulted in lower purchasing activity. The continuing geopolitical conflicts and uncertain weather further contributed to a bearish market sentiment.

In Jordan, the prices for Q3 2024 reached 340 USD/MT in September. The potassium chloride prices declined amid slower regional demand. While international potash prices remained stable, local buyers were hesitant, and producers sought higher-demand markets. Geopolitical concerns and logistical issues involving fluctuating freight rates and factory closures compounded the supply constraints, resulting in reduced orders for potassium chloride.

Potassium Chloride Prices June 2024

The potassium chloride prices in the United States for Q2 2024 reached 445 USD/MT in June. The prices saw a rise due to geopolitical issues influencing trade and domestic weather disruptions. Adverse climate settings, like geomagnetic eruptions, affected agricultural productivity, influencing the need for manures. At the same time, the eagerness for greater requirement for nourishment in the planting season pushed prices upward, marking a period of increasing costs.

The price trend for potassium chloride in China for Q2 2024 settled at 325 USD/MT in June. The prices initially declined due to subdued demand and sufficient domestic inventory. However, the latter mid-quarter saw stabilization, as increased imports and a less volatile manufacturing industry helped maintain a steady supply. Despite the contraction in the manufacturing industry, there were no significant disruptions, and the market showed resilience.

In Germany, the price of potassium chloride for Q2 2024 reached 430 USD/MT in June. The market saw notable price increases, influenced by the serious weather situation that disrupted supply chains and raised freight costs. The rising need during the seeding period, combined with ongoing logistical challenges, pushed prices upward. Despite these pressures, the market managed to avoid major disruptions, maintaining a generally bullish outlook.

In Jordan, the potassium chloride prices for Q2 2024 reached 350 USD/MT in June. The prices experienced steady increases due to rising requirements for fertilizer manufacturers and logistical issues. Geopolitical issues and the volatility in regional supply chains further contributed to the market's bullish outlook. Although there were no major plant closures, supply constraints and demand for fertilizers continued to drive prices upward throughout the quarter.

Potassium Chloride Prices December 2023

The potassium chloride prices in Canada for Q4 2023 reached 355 USD/MT in December. The market witnessed a slight rise in prices due to robust demand from fertilizer sector. This was supported by an uptick in industrial activity. However, concerns emerged about potential supply disruptions from a labor strike affecting crucial transport routes. The market experienced no plant shutdowns during this period.

The price trend for potassium chloride in China for Q4 2023, reached 415 USD/MT in December. The fourth quarter witnessed a positive market growth in China, driven by increased demand from fertilizer producers. Despite some economic challenges and weaker upstream cost support, domestic consumption remained strong. The market faced a minor price drop from the previous quarter, though it still showed a significant year-over-year increase.

The price trend for potassium chloride in Belgium for Q4 2023, reached 495 USD/MT in December. In Europe during the fourth quarter of 2023, Belgium's potassium chloride market witnessed fluctuating prices. Demand from fertilizer producers remained strong, bolstered by resumed trade with other regions. While prices initially increased, they later fell slightly due to a slowdown in demand. Overall, the market experienced a significant price rise compared to the previous year.

The price trend for potassium chloride in Jordan for Q4 2023, reached 440 USD/MT in December. The market in Jordan faced challenges in the fourth quarter, with weak demand from the fertilizer sector leading to declining prices. Despite steady supply, high inventories contributed to decreased purchasing activity. Prices initially increased with positive demand but later decreased as the market weakened, reflecting overall bearish trends.

Regional Coverage

The report provides a detailed analysis of the potassium chloride market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the potassium chloride price trend.

Global Potassium Chloride Price

The report offers a holistic view of the global potassium chloride pricing trends in the form of potassium chloride price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into potassium chloride historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into potassium chloride price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed potassium chloride demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Potassium Chloride Price

Q3 2024:

In Europe, the third quarter of 2024 observed a substantial reduction in price, with Germany confronting the remarkable decline in price. This was largely owing to reduced purchasing interest from the composting sector, impacted by terrible weather events such as heatwaves, humid storms, and rainfall that affected crop yields. With supply remaining strong, the market faced challenges in terms of demand as agricultural forecasts stayed uncertain. Market participants, cautious about geopolitical conflicts and weather disruptions, limited their purchases. This combination of factors contributed to a bearish market outlook as the agricultural sector grappled with an unpredictable environment. Prices continued their descending curve, and the overall market sentiment reflected this uncertainty.

Q2 2024:

During Q2 2024, the European market saw a price increase influenced by multiple aspects, including weather-related disruptions, improved shipment costs, and continuing supply limitations. Severe weather events caused delays in transportation and trade shortages, while increased demand for fertilizers during the planting season exerted further force on prices. Moreover, capacity restraints in key European trade routes and plant shutdowns contributed to an upward pricing trend. Despite pronounced global potash markets seeing descending trends, Europe’s distinctive logistical encounters and market dynamics helped maintain a strong price environment. Germany, in particular, experienced notable price fluctuations due to these ongoing issues.

Q4 2023:

Europe's potassium chloride market in the fourth quarter of 2023 faced mixed conditions. Strong demand from fertilizer manufacturers and steady imports supported market stability, while resumption of trade with Russia and the USA provided a boost. However, a downturn in Eurozone manufacturing production created a bearish market trend. Despite increased production costs due to higher energy and raw material prices, Belgium witnessed rising prices initially, though they later declined slightly. Overall, the European market experienced fluctuations in pricing due to varying demand and production costs, with a significant year-over-year price increase reflecting the underlying demand dynamics.

This analysis can be extended to include detailed potassium chloride price information for a comprehensive list of countries.

North America Potassium Chloride Price

Q3 2024:

In the third quarter of 2024, the market experienced a downward trend primarily driven by reduced customer requirements. While there were steady domestic requirements and continuous orders from Asian and European markets, demand was predominantly from lesser customers due to vagueness in the cultivated industry. Adverse conditions involving windstorms and hurricanes interrupted cultivated strategies, leading to delays in fertilizer purchases as farmers opted for a cautious approach. Although supply stayed constant, market sentiment was impacted by unstable conditions, patterns, and economic challenges. As a result, price stability prevailed, with limited fluctuations in inventory levels despite the established uncertainty in the demand environment.

Q2 2024:

In North America, the FY24, the market experienced a noticeable uptick, boosted by geopolitical concerns, including conflicts in the Middle East and sanctions impacting major potash-producing countries, creating disruptions in global supply chains, and tightening the accessibility of raw material. Additionally, the maintenance closures at key North American facilities lowered manufacturing facilities, exacerbating limitations and oversupply. Domestic weather disruptions, particularly geomagnetic eruptions, further strained cultivated activities, leading to fluctuating need for compost. Despite these challenges, the anticipation of stronger demand later in the season exerted upward pressure on prices, leading to a generally positive price environment.

Q4 2023:

In Q4 2023, the North American potassium chloride market exhibited a mixed performance. Prices initially fell due to reduced demand from downstream industries and rising inventories, coupled with a decline in industrial activities. Despite this, the heightening demand from the fertilizer segment and improved market sentiment led to a modest increase in prices. In Canada, the market witnessed a slight price rise due to robust fertilizer sector demand and improved industrial activity, although concerns about potential supply issues from labor strikes at a key transport hub lingered. Throughout the quarter, no plant shutdowns were witnessed, contributing to a complex market environment influenced by fluctuating demand and supply concerns.

Specific potassium chloride historical data within the United States and Canada can also be provided.

Middle East and Africa Potassium Chloride Price

Q3 2024:

In the Middle East and Africa region, the market showed a declining pricing trend in the third quarter of 2024, reflecting slower demand from regional markets. However, with constant international potash, local pricing requirements stayed subdued. Producers in the region looked for more lucrative opportunities in higher-demand markets, but geopolitical and logistical challenges, including fluctuating freight rates and plant shutdowns, continued to affect the supply chain. The market sentiment in Jordan was cautious, with industry players intently observing the Indian potash contract settlement. Overall, decreased orders for potassium chloride were observed, and the market faced a bearish outlook. A global surplus and falling crop prices further constrained regional demand.

Q2 2024:

In the Middle East and Africa region, the market saw a price rise in Q2 2024, boosted by geopolitical concerns and supply-side constraints. The heightened vagueness prompted a restrained approach from suppliers and buyers, further intensifying the market’s bullish outlook. The growing need for manure manufacturers remained strong amid logistical encounters and rising freight charges, which contributed to the overall cost increase. Regional supply dynamics and fluctuations in feedstock prices further influenced the pricing trend. In Jordan, this led to steady price rises throughout the quarter, boosted by both demand and supply disruptions.

Q4 2023:

The potassium chloride market in the MEA region encountered several challenges in Q4 2023. Lower demand from the fertilizer industry led to a bearish market trend, with a resultant decline in prices as procurement slowed. Despite moderate to rising supply levels and stable manufacturing operations, high inventories contribute to declining purchasing activity. Prices initially increased owing to positive downstream demand but fell in response to weakened market conditions and decreased inquiries from international markets. The Jordanian market witnessed a notable decrease in demand and prices, reflecting broader regional trends of inventory surplus and subdued market activity.

In addition to region-wise data, information on potassium chloride prices for countries can also be provided.

Asia Pacific Potassium Chloride Price

Q3 2024:

In the Asia Pacific region, the market observed mixed trends during the third quarter of 2024. Initially, the costs in China increased owing to manufacturing disruptions produced by difficult weather, leading to a reduction in supply. This created a disruption that fueled the rising rates, especially in the areas where demand for manufacturing applications was steady. Moreover, as the quarter progressed, rates in China began to decrease as producers slowed further, and market participants implemented a wait-and-see stance, exacerbated by continued supply restrictions. The quarter 2 saw a decline in overall demand, impacted by weakened trading activity and weather disruptions such as typhoons. Despite these challenges, steady internal demand in key regions like China and India kept the market somewhat stable.

Q2 2024:

In FY24, the Asia Pacific region displayed a moderately constant pricing trend. Despite minor variabilities in shipment rates and manufacturing activity, demand and supply remained balanced during the quarter. Agricultural demand, remarkably for compost applications, remained steady, maintaining a constant pricing environment. However, regional geopolitical concerns and logistical challenges, such as potential disruptions in supply chains, kept market participants cautious. In China, the market saw initial price declines that stabilized later in the quarter due to increased imports and available inventories. The sector faced limited disruptions but remained vigilant in monitoring potential risks that could affect future demand.

Q4 2023:

The fourth quarter of 2023 brought a positive outlook for the Potassium Chloride market in the APAC region. Increased demand from fertilizer producers and related industries spurred higher procurement and domestic consumption. Supply conditions remained stable with moderate inventories and no significant disruptions. Despite weaker cost support from upstream Potassium Carbonate, the market witnessed continued strong demand, particularly in China, where improved consumption and favorable crop conditions bolstered the market. Economic challenges, including deflationary pressures and a drop in manufacturing activity, did not significantly dampen the overall positive trend in demand.

This potassium chloride price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Potassium Chloride Price

The analysis of potassium chloride prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Potassium Chloride Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Potassium Chloride Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of potassium chloride pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of potassium chloride at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of potassium chloride price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing potassium chloride price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Potassium Chloride Market Analysis

The global potassium chloride market size reached 68.4 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 98.5 Million Tons, at a projected CAGR of 4.10% during 2023-2032.

• There is a rise in the utilization of potassium chloride in the agriculture sector as a fertilizer to overcome plant deficiencies. It is the most widely applied K fertilizer because of its relatively low cost, and it includes more K than most other sources. Potassium also helps regulate the opening and closing of the stomata, which regulates the exchange of water vapor, oxygen, and carbon dioxide. In addition, potassium chloride benefits in increasing root growth, improving drought resistance, maintaining turgor, and reducing water loss and wilting. It also aids in photosynthesis and food formation and prevents energy loss. Besides this, the increasing need for food products globally is catalyzing the demand for potassium chloride. Farmers are focusing on incorporating this fertilizer to increase their crop production and to fulfill the food requirements of the population. The production of primary crop commodities reached 9.5 Billion Tons in 2021 worldwide, as claimed by the Food and Agriculture Organization (FAO).
• Potassium chloride is used to treat or prevent low amounts of potassium in the blood of individuals. It allows cells, kidneys, heart, muscles, and nerves to work properly. It serves as a medication that is available as an injectable, ready-made solution, or soluble powder. Additionally, there is an increase in the consumption of potassium chloride medications to reduce high blood pressure and lower the risk of developing heart disease and stroke. Furthermore, rising cases of heart diseases among the masses worldwide is impelling the market growth.
• The potassium chloride demand is further propelled by its utilization in various food and beverage (F&B) products as a flavor enhancer, nutrient supplement, potential of hydrogen (pH) control agent, and stabilizer or thickener. It acts as a substitute for sodium chloride in low-sodium or salt-free food products. Moreover, the growing demand for potassium chloride in various ready-to-eat (RTE) and convenient food items are positively influencing the market.

Potassium Chloride News

The report covers the latest developments, updates, and trends impacting the global potassium chloride market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in potassium chloride production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the potassium chloride price trend.

Latest developments in the potassium chloride industry:

• In 5 April 2023, Uralkali signed a contract with Indian Potash Limited (IPL) to supply potassium chloride at a price of US$ 422 per ton under CFR terms and conditions.

Product Description

Potassium chloride is a salt-like metal compound that contains potassium and chloride. It comes in the form of white, colorless, cube-shaped crystals and has a strong and salty taste. It can be easily dissolved in water, when in solid form. It can be directly extracted from some minerals, such as carnallite, sylvite, and potash.

Potassium chloride is highly soluble in alcohol but not soluble in ether. It has a melting point of 1040 K and boiling point of 1690 K. It is used in the manufacture of potash, an important form of fertilizer that enriches soils with potassium, which promotes the growth of plant life. It has the potential to be used as a fire extinguishing agent. Besides this, it is utilized to treat low potassium levels or hypokalemia among individuals.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of potassium chloride pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting potassium chloride price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The potassium chloride price charts ensure our clients remain at the forefront of the industry.