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Watch the Qinghai capacity closely—it's tied to salt lake potassium resources and could shift cost curves if fully ramped. Also, Sanfu's 2026 Q1 net profit jumped 44% year-on-year, showing the KOH upcycle is still running. Buyers should secure annual contracts with integrated producers to avoid spot volatility.
Energy costs are the second-largest variable after potassium chloride feedstock. With KCl prices volatile, evaporation efficiency directly impacts cash margins. Also, recovered condensate at 90°C+ can preheat feed, cutting thermal losses further—a low-capital tweak worth auditing before committing to full MVR.
This also explains why electronic-grade KOH commands a premium. Producers use recrystallization and low-sodium feedstocks to reach 48% liquid grades with sodium below ppm levels. Buyers should verify whether the 85% balance is mainly water, carbonate, or sodium—each affects downstream use differently.