On February 4th, the mainstream ex-factory price of 52% powder potassium sulfate rose to 3,950–4,150 RMB/ton, an increase of 50 RMB/ton. This price hike was driven by significant increases in the prices of raw materials, potassium chloride and sulfuric acid, coupled with persistently tight market supply, leading to a continuous rise in potassium sulfate prices.

PriceSeek Analysis:

Potassium Sulfate
Bull-Bear Score: 1.5
Reasoning: The spot price of potassium sulfate continues to rise. On February 4th, the mainstream ex-factory price increased to 3,950–4,150 RMB/ton, a rise of 50 RMB/ton. This is primarily driven by significant price increases in raw materials, potassium chloride and sulfuric acid, along with persistently tight market supply. The supply shortage has put pressure on the demand side, benefiting spot prices. This increase represents a moderate positive level, not reaching a major positive extent, but the upward price trend is evident in the short term.

Potassium Chloride
Bull-Bear Score: 1.5
Reasoning: As a key raw material for potassium sulfate, the article notes that the significant price increase in potassium chloride drives up the production cost of potassium sulfate, indicating tight supply-demand conditions or strong demand in the potassium chloride spot market. Rising raw material prices typically reflect supply shortages or increased downstream demand, which benefits spot prices. The positive impact is relatively strong, but it should be evaluated in conjunction with the overall market supply situation.

Sulfuric Acid
Bull-Bear Score: 1.5
Reasoning: The article mentions a significant price increase in sulfuric acid. As a critical raw material for potassium sulfate production, its rising cost directly pushes up potassium sulfate prices. This indicates tight supply in the sulfuric acid spot market or strong industrial demand, benefiting spot prices. The bull-bear score is 1.5, indicating a relatively strong positive impact, but attention should be paid to the risks of raw material price fluctuations on overall supply and demand.