The potassium fertilizer market remains tight in balance, and the leading enterprises can expect good performance in the fourth quarter.

Against the backdrop of the ongoing improvement in the global food security strategy, potassium fertilizer, as a key element of agricultural production, has a continued tight market supply-demand structure, with prices steadily increasing. According to data from BAI CIAN YING FU, as of November 10, the average domestic market price of potassium chloride was 3237 yuan per ton, up 28.66% from the beginning of the year and up 34.37% year-on-year; on November 7, the gross profit margin of the potassium chloride industry was 1164 yuan per ton, an increase of about 400 yuan per ton compared to the same period last year. "Currently, potassium fertilizer market prices are showing a slight upward trend, with the Northeast region experiencing the most significant price increases, as the supply of low-priced goods from earlier has gradually decreased. With control over resources and cost and production capacity advantages, major domestic potassium fertilizer production companies are expected to continue their momentum of performance growth in the fourth quarter," a senior industry researcher told reporters.