For the Quarter Ending September 2023


North America:

In the third quarter of 2023, the pricing dynamics of Potassium Nitrate in North America exhibited a fluctuating pattern. Following a decline in the initial half of the quarter, prices stabilized midway and then demonstrated improvement towards the latter part. A substantial drop in demand was noted as agricultural retailers experienced a significant decrease in bookings, reflecting in the pricing trends of key fertilizers across the US market. Consequently, market participants faced challenges in negotiations, leading to a downturn in prices. However, there was a positive shift in procurement reported by agriculture retailers, impacting the overall price trajectory. As a result, the conclusion of the third quarter saw Potassium Nitrate prices assessed at USD 805 per MT on a Free on Board (FOB) basis.

APAC:

After a robust start in the first weeks of Q3 2023, Potassium Nitrate prices in the APAC region sharply declined until the conclusion of the first half of the quarter. Nevertheless, prices rebounded in the later stages, driven by revitalized demand fundamentals in September 2023. The initial half of the quarter witnessed lackluster demand with limited procurements and no reported new purchases. Despite ample supply meeting the available demand, a surge in demand from the agrochemical and fertilizer industry emerged towards the end of the quarter, influencing price trends. Consequently, at the close of Q3, Potassium Nitrate prices were evaluated at USD 795 per MT on an FOB basis.

Get Real Time Prices of Potassium Nitrate: https://www.chemanalyst.com/Pricing-data/potassium-nitrate-1551

Europe:

In the third quarter, Potassium Nitrate prices in Europe experienced a decline due to reduced demand from downstream industries, notably agrochemicals. The fertilizer industry's demand, a crucial factor, was overshadowed by lackluster consumption in the agriculture sector, preventing price recovery. Throughout the quarter, Europe faced challenging economic conditions characterized by declining outputs, rising inflation, and subsequent fluctuations in interest rates. The Purchasing Managers' Index (PMI) in the Eurozone consistently decreased, albeit at a slowing pace towards the quarter's end. Consequently, at the conclusion of September 2023, Potassium Nitrate prices in the Netherlands were assessed at USD 860 per MT on a Free Delivered (FD) basis.

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