potassium chloride Pricing Assessment

Markets Covered:

India

Jordan

Potassium Chloride Price Trend, Analysis and Forecast

As of August 2024, Potassium Chloride prices are fluctuating, reflecting a 5% decrease from the previous month. The Middle East Asia (MEA) region is the largest market for Potassium Chloride, with Jordan emerging as the leading exporter in this sector.

In Q1, 2024, the potassium chloride market in middle east Asia saw a sustainable decrease in prices, with a fall of 8%. This is driven by the key factors driving influence increased demand within the pharmaceuticals, agrochemicals especially due to agricultural sector.

However, in Q2,2024, the potassium chloride market in Middle East Asia saw a slight decrease of 7% in prices. This is due to the Stable economy and market specific factors which also includes feedstock market.

In Q3, 2024, the potassium chloride market is experiencing an upward trend in this period, primarily driven by its applications in the agriculture sector. The growing industrial activities worldwide are significant factors contributing to the increasing demand for potassium chloride.

In Q4, 2024, the price trend for potassium Chloride will be shaped by variations in both production levels and demand. These fluctuations will play a key role in determining how potassium chloride prices move during this period.

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is your trusted resource for tracking global potassium chloride price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the potassium chloride market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, keeps you fully informed of market dynamics.

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Track 's potassium chloride price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Historically, several events have caused significant fluctuations in potassium chloride prices

Russia-Ukraine Conflict (2022-Present): Global prices for potassium chloride surged, driven by the scarcity of supply and increased demand from countries looking to secure their fertilizer needs. Farmers worldwide faced rising costs for fertilizers, which, in turn, affected agricultural production. In regions heavily reliant on potash imports, such as parts of Africa, Latin America, and Southeast Asia, the price hikes exacerbated food insecurity, particularly as the cost of other essential agricultural inputs, like fuel and labor, also rose.

In response, many countries sought to diversify their potash suppliers or increase domestic production, but the transition to alternative sources of supply has been slow and costly. Canada, a major producer of potash, emerged as a critical supplier in the wake of the conflict, while some nations turned to other fertilizer alternatives or adjusted their agricultural practices to cope with higher fertilizer prices. Despite these efforts, the overall impact on the global fertilizer market and food security remains significant, as the conflict continues to influence the availability and price of potassium chloride and other essential agricultural commodities.

COVID-19 Pandemic (2020): he COVID-19 pandemic, which began in early 2020, had a notable impact on the global supply and demand for potassium chloride (KCl), a key ingredient in fertilizers. As the pandemic disrupted global economies, supply chains, and labour markets, it affected all stages of the potassium chloride production and distribution process.

Geopolitical Tensions (2018-2019): The geopolitical tensions in 2018-2019, particularly between major global powers, had a significant impact on the potassium chloride (KCl) market, even though these tensions were not as directly tied to potash production as later events like the Russia-Ukraine conflict. However, during this period, geopolitical issues such as trade disputes, particularly the U.S.-China trade war, and political instability in key potash-producing countries affected the supply and demand dynamics of potassium chloride.

These events underscore the potassium chloride market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics.

Methodology and Specifications

potassium chloride Pricing Assessment Research Methodology

Data Collection and Sources

Real-Time Market Data: aggregates real-time pricing data from a diverse range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions.

On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users, across major potassium chloride production hubs. This ground-level intelligence is crucial for understanding localized market dynamics.

Supply Chain Monitoring: We track the entire potassium chloride supply chain, from raw material availability (e.g., sylvite, carnallite, potash) to production and distribution channels. This includes monitoring feedstock prices, production capacities, and transportation logistics.

Event Tracking and Impact Analysis

Geopolitical Tensions: continuously monitors global geopolitical developments, such as conflicts or trade disputes, which can significantly impact potassium chloride prices. Our analysis includes potential disruptions to supply chains and their immediate and long-term effects on pricing.

Natural Disasters and Climate Events: We assess the impact of natural disasters, such as hurricanes or winter storms, on potassium chloride production facilities, particularly in vulnerable regions like the U.S. Gulf Coast. These events are factored into our price forecasts and supply outlooks.

Economic Shifts: evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g., automotive, packaging), to predict shifts in potassium chloride demand and corresponding price movements.

Production Capacity and Supply Analysis

Current Production Monitoring: We maintain a comprehensive database of global potassium chloride production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to assess current supply availability accurately.

Future Capacity Projections: Our research includes detailed forecasts of upcoming potassium chloride production capacities, factoring in new plant constructions, expansions, and technological advancements. This helps in predicting future supply trends and potential price stabilization.

Demand Forecasting

Sectoral Demand Analysis: provides in-depth analysis of demand trends across key sectors, including packaging, automotive, and construction. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments.

Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global potassium chloride pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations.

Pricing Model Development

Dynamic Pricing Models: utilizes advanced econometric models to forecast potassium chloride prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power.

Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most likely scenarios, helping our clients prepare for a range of market outcomes.

Reporting and Client Support

Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations.

Ongoing Support: offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice.

This research methodology ensures that delivers the most accurate, timely, and actionable potassium chloride pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.

Specifications

Molecular Weight[g/mol]

74.5513 g/mol

CAS No

7440-09-7

HS Code

31042000

Molecular Formula

KCl

potassium chloride

Potassium Chloride (KCl) is a white crystalline salt widely used in fertilizers, pharmaceuticals, and food processing. It is primarily produced from natural sources such as sylvite ore or through the reaction of potassium hydroxide with hydrochloric acid. KCl provides essential potassium for plant growth and is a key component in various industrial and agricultural applications.

Packaging Type

25/50 kg bags

Grades Covered

Industrial Grade

Incoterms Used

FOB Jordan, CIF Nhava Sheva (Aqaba)

Synonym

Muriate of potash.

Quotation Terms:

20-25 MT

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

NO.	PARAMETER	SPECIFICATION RESULT
1	Appearance	White crystalline powder
2	Assay (as KCL)	99.00%
3	Ph (5% solution)	4.80%
4	Sodium (Na)	0.10%
5	Calcium (Ca)	0.10%
6	Magnesium (Mg)	0.02%
7	Sulfate (SO2−4)	0.04%
8	Insoluble matter	0.02%
9	Heavy Metals (as Pb)	0.00%
10	Arsenic (As)	0.00%

Applications

Potassium chloride is a potassium salt used to treat hypokalaemia. A white crystal or crystalline powder used as an electrolyte replenisher, in the treatment of hypokalaemia, in buffer solutions, and in fertilizers and explosives.

Disclaimer

Potassium Chloride price provided by is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for potassium chloride. disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

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Frequently asked questions

What factors influence the price of potassium chloride (KCl) in the market? +

The price of potassium chloride is primarily influenced by a variety of factors, including global supply and demand dynamics, production costs, and geopolitical issues. Potassium chloride is typically extracted from mineral deposits or sourced from evaporation of seawater, which means production costs can fluctuate based on energy prices and raw material availability. Additionally, the pricing is impacted by the global demand for fertilizers, as potassium chloride is a key ingredient in many agricultural products. Trade policies, export restrictions, and natural events such as crop failures or supply chain disruptions can also cause price volatility. It’s important for procurement heads to monitor these factors closely to anticipate price movements and secure favorable pricing for their organizations.

How do long-term contracts impact the pricing of potassium chloride? +

Long-term contracts can provide more stable and predictable pricing for potassium chloride compared to spot market purchases. When procuring potassium chloride, companies often enter into agreements with suppliers for a fixed duration, which can help mitigate the risks associated with price volatility. In these contracts, suppliers and buyers agree to specific pricing terms, often with periodic adjustments based on factors like inflation, production costs, or changes in global demand. These agreements typically offer the advantage of locked-in prices, providing a level of cost certainty for procurement departments. However, it's essential for procurement heads to negotiate these terms carefully to ensure flexibility and competitiveness, especially in markets where prices fluctuate significantly.

What is the role of potassium chloride in agriculture, and how does that affect its pricing? +

Potassium chloride is a critical component in agricultural fertilizers, which makes its demand highly sensitive to trends in global agriculture, including crop planting cycles, weather conditions, and overall food production levels. As potassium is one of the three primary nutrients in fertilizers (along with nitrogen and phosphorus), any fluctuations in crop production or shifts in agricultural practices can drive demand for KCl, influencing its price. In times of high agricultural output or increased global food demand, the need for potassium-based fertilizers rises, potentially driving up the cost of potassium chloride. Conversely, in years of poor crop yields or reduced agricultural activity, demand may decrease, leading to price adjustments. For procurement heads, understanding these cycles and aligning purchases with market conditions can lead to more strategic sourcing decisions and cost savings.