Potassium Chlorate Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Potassium Chlorate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Potassium Chlorate Price Trend for the Second Half of 2023

Asia

In Asia, the demand for potassium chlorate is heavily influenced by its use in the fertilizer industry, serving as a crucial potassium source for crops. Additionally, the chemical sector relies on potassium chlorate for the production of a number of industrially important compounds.

Potassium Chlorate Price Chart

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During the H2-2023 period, the Chinese potassium chlorate market experienced an increase based on the rise in the rate of procurement from the downstream agriculture-based industries due to the delays in the sowing season. Further, freight disruptions during this period, particularly concerning the procurement of potash ores, also contributed to upward market trends, indicating positive developments for potassium chlorate prices.

Europe

In Europe, the potassium chlorate market mirrored trends observed in the Asian market during both the third and fourth quarters of 2023. Despite challenges in the regional fertilizer industry, exports from Belarus helped alleviate supply pressures. The trajectory of prices was also influenced by the loss of imports from Asian countries as the Israel-Hamas crisis disrupted the Red Sea route. The manufacturers and traders also witnessed a remarkable inclination in the demand from the downstream chemicals sector that further helped in the rise in the potassium chlorate price trend.

North America

In North America, potash prices remained high for much of 2023 until the third quarter due to increased supplies from Belarus as a new potash ore exporter. However, supply dynamics shifted by the final quarter, resulting in relatively stable potassium chlorate prices. The market also stabilized on account of a decline in the cost of crude oil, which in turn lowered the overall prices of production, and in turn, the rising interest of consumers provided room for the traders to increase their quoted prices of potassium chlorate.

Analyst Insight

According to Procurement Resource, the price trend of Potassium Chlorate is estimated to showcase the expected oscillations in the downstream industries in its trajectory.

Potassium Chlorate Price Trend for the First Half of 2023

Asia

The market of potassium chlorate faced mixed sentiments in the first quarter of 2023 as the price trend inclined initially but showcased feeble movement in the latter half. In the early phase of the first quarter, the trend was supported by the rising cost of potash ore. However, as soon as the government imposed sanctions on imports from Belarus and the excess availability of the product in the region, the price trend of potassium chlorate began to decline.

These weak dynamics of the downstream industries continued to affect the price trend of potassium chlorate in the second quarter, too. In addition to this, the condition of the fertilizers sector also deteriorated, and due to this con, consumer confidence in the sector declined, which, in turn, resulted in the downfall in the price trend of potassium chlorate.

Europe

The European market followed a declining trajectory due to the consistent decline in the cost of feedstock materials and the spiking level of inventories. In addition to this, sanctions imposed on trade with Belarus and a suppressed number of inquiries oppressed the market sentiments, and thus, the prices of potassium chlorate followed a falling trend. As seen in the Asia-Pacific region, the fertilizer sector failed to prove efficient in the European countries, too, and the rise in inflation-swindling economic conditions pushed the price trend of potassium chlorate in the negative direction.

North America

In North America, the price trend of potassium chlorate gradually declined in the first and second quarters of 2023. The slow demand from the downstream industries especially the fertilizers sector and sufficient availability of the product in the region hampered the growth of the potassium chlorate price trend. In the global markets, availability of discounted materials from Asia, Africa, and South America ultimately resulted in the decline in the price trend of potassium chlorate.

Analyst Insight

According to Procurement Resource, the price trend of Potassium Chlorate is estimated to depict a falling trajectory due to the declining global market sentiments and high uncertainties in consumer confidence.

Potassium Chlorate Price Trend for the Second Half of 2022

Asia Pacific

The price trend for potassium chlorate dropped throughout the Asian market. Due to slow market growth, domestic potassium salt prices in India were all-time low in August. The abundance of supply in the region outweighed the demand and majorly affected the market circumstances. The ongoing Russia-Ukraine crises further disrupted the export-import dynamics due to increased restrictions and raised concerns. During the last quarter of 2022, salt stocks among traders and suppliers sharply increased.

Europe

The European market saw a decline in prices as the demand for salt plunged. As a result, market stockpiles grew relative to the level of product demand. Thus, the supply dynamics have also had a significant impact on product demand. There has been a substantial impact on the buying and selling sentiments by the ongoing economic crises brought on by the Russia-Ukraine crisis. The third and fourth quarters saw a lowering in utility costs and logistical difficulties that further contributed to the decline in the price trend for potassium chlorate.

North America

In the North American region, the price of potassium chlorate decreased in the third and fourth quarters. Downstream purchases decreased as a result of the depressing trading situation in the regional market. Consumption also began to decline in the middle of the third quarter. At the same time, the inventories piled up and this situation persisted till the fourth quarter. Disruptions in the supply chains, low consumer confidence, and rising inflationary pressure in the region contributed towards the decline in the prices in the region.

Analyst Insight

The prices of Potassium Chlorate are likely to decrease during the coming month given the low demand in the end-user industry market and the ongoing economic crisis.

Potassium Chlorate Price Trend For the First Half of 2022

Asia

Due to strong demand, imports from China and India increased, which resulted in higher prices for potassium chlorate. The higher demand for potassium in the downstream agricultural, soap, and detergent sectors led to an increase in the price of this raw material in India during the quarter ending March 2022.

The price of potassium chlorate increased dramatically in the Asian market during the second quarter of 2022 averaging 50025 INR/MT  Ex-Ahmedabad, India. Price hikes for potassium chlorate were seen in the Chinese market due to a limited and constrained supply.

Europe

In Germany, the price of potassium chlorate was estimated in the first quarter of 2022 at 315 USD/MT FOB Hamburg, recording a rise of 2.6% from prices in the fourth quarter of 2021. Belarus, which is a major exporter of KCl, had an impact on prices because Belarusian export restrictions on potash limited market sentiment globally. During Q2 2022, the price of potassium chlorate increased averaging 540 USD/MT owing to the mismatch in market dynamics.

North America

By the end of the first quarter of 2022, the price of potassium chlorate in the USA had risen to 750 USD/MT DEL Illinois. Farmers were reported struggling with fertiliser costs even while domestic demand for agricultural products remained high.

The price of potassium chlorate increased in the second quarter of 2022 averaging 605 USD/MT DEL Illinois registering a quarterly increase of 12.8%. Since the downstream sector procurement was tightly mandated by the customers and overall inventory levels were generally low, price trend in the market increased.

Procurement Resource provides latest prices of Potassium Chlorate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.