Potassium Chloride Price in Canada

• Canada: 355 USD/MT

In the fourth quarter of 2023, the cost of potassium chloride in Canada rose to $355 per metric ton.

The latest report by IMARC Group, titled "Potassium Chloride Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of potassium chloride prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.

Potassium Chloride Prices Analysis:

• China: 415 USD/MT
• Belgium: 495 USD/MT
• Jordan: 440 USD/MT

Report Offering:

• Monthly Updates: Annual Subscription
• Quarterly Updates: Annual Subscription
• Biannually Updates: Annual Subscription

The study delves into the factors affecting potassium chloride price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

Request For a Sample Copy of the Report: https://www.imarcgroup.com/potassium-chloride-pricing-report/requestsample

Potassium Chloride Price Trend- Last Quarter

The potassium chloride market is driven by a combination of supply chain constraints, geopolitical tensions, and seasonal agricultural demand. Key suppliers, such as Russia and Belarus, continue to face sanctions, limiting the availability of raw materials and exacerbating global supply shortages. These geopolitical challenges have disrupted trade routes, increasing logistical difficulties and raising transportation costs. Maintenance shutdowns at major production facilities in North America have further tightened supply, leading to increased pressure on prices. Agricultural demand for fertilizers, particularly during planting seasons, has bolstered consumption levels, creating a bullish pricing trend across multiple regions. The reliance of the agriculture sector on potassium chloride for fertilizer production ensures a steady demand, especially during peak growing seasons. This sustained demand, coupled with supply-side limitations, has kept the market in a tight balance, contributing to ongoing price hikes. 

Potassium Chloride Industry Analysis

North America

In North America, potassium chloride prices increased significantly during Q2 2024 due to a range of factors. Geopolitical tensions involving Israel, Iran, and continued sanctions on Russia and Belarus restricted feedstock availability. Maintenance shutdowns at key facilities, including Mosaic Potash Carlsbad Inc. in the USA and Nutrient Potash Cory in North America, further strained supply. The USA saw notable price hikes, driven by both international and domestic influences. Adverse weather conditions, such as geomagnetic storms, disrupted agricultural demand, although higher fertilizer demand later in the planting season added to upward price pressure. Seasonal trends also played a role, with a 1% rise in prices compared to the previous quarter. 

APAC

In the APAC region, the potassium chloride market remained relatively stable during Q2 2024, with supply and demand dynamics balanced throughout the quarter. Minor fluctuations in ocean freight rates and industrial activity were noted, but steady agricultural demand helped maintain price stability. In China, the market experienced moderate price declines early in the quarter due to subdued downstream demand and sufficient domestic inventories. Increased availability of imports also contributed to price stabilization later in the quarter. With signs of contraction in China's manufacturing sector, demand for potassium chloride weakened slightly, but the market avoided major disruptions. 

Europe

During Q2 2024, Europe saw a significant rise in potassium chloride prices due to various factors, including severe weather, higher freight charges, and ongoing supply constraints. Disruptions to transportation, especially due to elevated water levels in key waterways, delayed shipments and exacerbated supply shortages. High freight costs, driven by unseasonal demand surges and capacity limitations, added further pressure to prices. Germany experienced the most notable price increases in the region, due to low inventories and heightened demand during the planting season. Plant shutdowns at major potash producers, such as Mosaic Potash in Belle Plaine and Nutrient Vans coy Potash, further tightened supply.

MEA

In the MEA region, Q2 2024 saw a steady increase in potassium chloride prices, fueled by rising geopolitical tensions and supply chain challenges. Increased demand from fertilizer producers, coupled with moderate supply constraints, supported this upward trend. Higher freight charges, driven by capacity shortages and unseasonal demand spikes, added to the logistical challenges. Jordan saw the most significant price fluctuations, driven by increased procurement and rising feedstock costs. Although there was an 11% price decline compared to the previous quarter.

Regional Price Analysis:

• Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
• Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece
• North America: United States and Canada
• Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
• Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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