Potassium chloride price March 2024 and outlook (see chart below)

  • Global:US$0.27/KG, -3.6% down
  • North America:US$0.24/KG, -4% down
  • Europe:US$0.33/KG, unchanged
  • Northeast Asia:US$0.36/KG, -2.7% down
  • South America:US$0.23/KG, -4.2% down
The chart below summarizes MOP price trend per region, as well as the outlook. It takes a moment to load.

Business Analytiq assumes no responsibility or liability for any errors or omissions in the content of this site. The information contained in this site is provided on an “as is” basis with no guarantees of completeness, accuracy, usefulness, or timeliness.

 

Further information on the Potassium chloride price index

Here is some further information

 

What is Potassium chloride

Potassium chloride is a chemical compound that is composed of potassium and chlorine. It is a white, crystalline solid that is highly soluble in water and has a salty taste. Potassium chloride is an important chemical that is used in a wide range of applications.

 

How is Potassium chloride produced

There are several methods for producing potassium chloride, including:

Mining

Potassium chloride can be extracted from natural deposits of minerals, such as sylvinite and langbeinite. These minerals are mined using conventional mining techniques, such as open-pit mining and underground mining. The ore is then crushed, ground, and purified to produce potassium chloride.

Electrolysis

Potassium chloride can be produced by electrolyzing potassium chloride solution, also known as brine. Brine is a concentrated solution of potassium chloride and other minerals that is obtained from natural deposits or by purifying seawater. The brine is electrolyzed using an electrolytic cell, which separates the potassium ions from the chlorine ions. The potassium ions are then precipitated as potassium chloride crystals, while the chlorine ions are released as chlorine gas.

Thermal decomposition

Potassium chloride can also be produced by thermal decomposition of potassium chloride compounds, such as potassium hydroxide and potassium carbonate. These compounds are heated to high temperatures in a furnace, which decomposes them into potassium chloride and other products.

Overall, potassium chloride is produced through a variety of methods, including mining, electrolysis, and thermal decomposition. The method used to produce potassium chloride depends on the availability of raw materials and the desired purity of the final product.

 

What is Potassium chloride used for

Some common uses of potassium chloride include:

Fertilizers

Potassium chloride is used as a fertilizer to provide plants with the essential nutrient potassium. It is used in the production of a wide range of fertilizers, including liquid fertilizers, granular fertilizers, and slow-release fertilizers.

Medicine

Potassium chloride is used in medicine as an electrolyte to treat potassium deficiency and to balance the levels of potassium in the body. It is also used as a component of intravenous fluids to treat dehydration and to prevent or treat low levels of potassium in the blood.

Industrial uses

Potassium chloride is used in the production of a wide range of chemicals, including potassium hydroxide, potassium carbonate, and potassium soap. It is also used as a food additive to add flavor and as a substitute for salt in some food products.

Other uses

Potassium chloride is also used in a variety of other applications, including water treatment, the production of dyes and pigments, and the production of animal feed.

Overall, potassium chloride is an important chemical that has a wide range of uses in various industries. It is an essential nutrient that is used in a variety of applications due to its ability to provide plants with the essential nutrient potassium and to balance the levels of potassium in the body.

 

Further reading

 

Potassium chloride market information

It is difficult to accurately estimate the size of the global potassium chloride market as it depends on various factors such as demand for potassium chloride in different industries and regions. However, potassium chloride is an important chemical that is used in a wide range of applications, and the demand for it is likely to continue to grow in the coming years.

According to https://oec.world/ :

Potassium chloride, in packs >10 kg are the world’s 208th most traded product.

In 2020, the top exporters of Potassium chloride, in packs >10kg were Canada ($4.81B), Belarus ($2.41B), Russia ($1.93B), Germany ($890M), and United States ($775M).

In 2020, the top importers of Potassium chloride, in packs >10 kg were Brazil ($2.38B), United States ($2.38B), China ($1.68B), India ($1.19B), and Indonesia ($639M).

 

This post is a summary of the Potassium chloride price developments. The price developments of Potassium chloride are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Potassium chloride price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.

The outlook for Potassium chloride prices, on the second tab, is generated from different inputs including:

  • Very recent price developments of immediate cost drivers of Potassium chloride prices
  • Recent price developments of underlying feedstocks which drive the price of Potassium chloride
  • Market futures for both cost drives and feedstocks of Potassium chloride prices
  • Adjustment of current supply/demand imbalances in the Potassium chloride market
  • Longer term trends in likely demand conditions

 

Potassium chloride price index

Business Analytiq assumes no responsibility or liability for any errors or omissions in the content of this site. The information contained in this site is provided on an “as is” basis with no guarantees of completeness, accuracy, usefulness, or timeliness.

 

Further information on the Potassium chloride price index

Here is some further information

 

What is Potassium chloride

Potassium chloride is a chemical compound that is composed of potassium and chlorine. It is a white, crystalline solid that is highly soluble in water and has a salty taste. Potassium chloride is an important chemical that is used in a wide range of applications.

 

How is Potassium chloride produced

There are several methods for producing potassium chloride, including:

Mining

Potassium chloride can be extracted from natural deposits of minerals, such as sylvinite and langbeinite. These minerals are mined using conventional mining techniques, such as open-pit mining and underground mining. The ore is then crushed, ground, and purified to produce potassium chloride.

Electrolysis

Potassium chloride can be produced by electrolyzing potassium chloride solution, also known as brine. Brine is a concentrated solution of potassium chloride and other minerals that is obtained from natural deposits or by purifying seawater. The brine is electrolyzed using an electrolytic cell, which separates the potassium ions from the chlorine ions. The potassium ions are then precipitated as potassium chloride crystals, while the chlorine ions are released as chlorine gas.

Thermal decomposition

Potassium chloride can also be produced by thermal decomposition of potassium chloride compounds, such as potassium hydroxide and potassium carbonate. These compounds are heated to high temperatures in a furnace, which decomposes them into potassium chloride and other products.

Overall, potassium chloride is produced through a variety of methods, including mining, electrolysis, and thermal decomposition. The method used to produce potassium chloride depends on the availability of raw materials and the desired purity of the final product.

 

What is Potassium chloride used for

Some common uses of potassium chloride include:

Fertilizers

Potassium chloride is used as a fertilizer to provide plants with the essential nutrient potassium. It is used in the production of a wide range of fertilizers, including liquid fertilizers, granular fertilizers, and slow-release fertilizers.

Medicine

Potassium chloride is used in medicine as an electrolyte to treat potassium deficiency and to balance the levels of potassium in the body. It is also used as a component of intravenous fluids to treat dehydration and to prevent or treat low levels of potassium in the blood.

Industrial uses

Potassium chloride is used in the production of a wide range of chemicals, including potassium hydroxide, potassium carbonate, and potassium soap. It is also used as a food additive to add flavor and as a substitute for salt in some food products.

Other uses

Potassium chloride is also used in a variety of other applications, including water treatment, the production of dyes and pigments, and the production of animal feed.

Overall, potassium chloride is an important chemical that has a wide range of uses in various industries. It is an essential nutrient that is used in a variety of applications due to its ability to provide plants with the essential nutrient potassium and to balance the levels of potassium in the body.

 

Further reading

 

Potassium chloride market information

It is difficult to accurately estimate the size of the global potassium chloride market as it depends on various factors such as demand for potassium chloride in different industries and regions. However, potassium chloride is an important chemical that is used in a wide range of applications, and the demand for it is likely to continue to grow in the coming years.

According to https://oec.world/ :

Potassium chloride, in packs >10 kg are the world’s 208th most traded product.

In 2020, the top exporters of Potassium chloride, in packs >10kg were Canada ($4.81B), Belarus ($2.41B), Russia ($1.93B), Germany ($890M), and United States ($775M).

In 2020, the top importers of Potassium chloride, in packs >10 kg were Brazil ($2.38B), United States ($2.38B), China ($1.68B), India ($1.19B), and Indonesia ($639M).

 

Business Analytiq

BE THE FIRST TO SEE RISK AND OPPORTUNITY!

BusinessAnalytiq provides unlimited market trend data and an online tools to track market developments, key benchmarks & leading indicators.

BusinessAnalytiq leads to price visibility, better negotiations, easier budgeting and forecasting, lower raw material prices, and improved better internal and external communication. BusinessAnalytiq will decrease risk and higher profit.

businessanalytiq

Where does the data come from?

  • The source of the data are exclusively public non-confidential sources. We have no access to primary data
  • This the index trend of the price trend of the "product category" in general, and not a single specification of the product in particular
  • The data is a combination of contract and spot pricing
  • Our algorithms are set up to eliminate significant product mix impact on the reported price
  • We combine public publications, import/export records, trading prices, company announcements, magazine articles, tweets, and other sources of ad-hoc public information.
  • The chart shows the our best approximation of the market trend based on our algorithm interpretation of the signals
  • For most indexes we have multiple sources and we focus on using statistically-correlated sources
  • As a function of our automation, it is likely that recent trends will be adjusted as we discover more information. So, for example, the price trend for February 2024 will be first calculated in February 2024 and adjusted in March, April and May 2024.
  • We will update the data trend as more information becomes available, and this means that recent trends will always be adjusted as we get more data available
  • The algorithm will regularly revise our understanding of market trends, and indicated market trends may change
  • The data is presented in US$. The UOM of measure is shown in the Index list table
  • Our automated software and we do our best to create an accurate representation of the trend

 

Where does the data NOT come from?

  • We do not purchase data from any other source and republish it.
  • We will not purchase data from any other source and republish it
  • We do not extrapolate trends, even for the forecast. We look for other market signals and leading indicators

 

What data should our company use?

  • If you are making decisions driving significant share of profit, we always recommend that you buy data from the companies who invest in direct primary market access such as ICIS, amongst many others
  • Our data, at best, represents an estimate of the market trend based on public information
  • We have no direct access to the market, and we do not interview suppliers and customers
  • Our automated analysis tools in the online software are set up to combine our data with other sources of data
  • We do not recommend that you use our data for direct price mechanisms, as we may change and improve the data trends over time, including historical data

 

What does the quality indication in the main menu mean?

  • Quality level A: Data is from a reliable and confirmed source
  • Quality level B: Data is from multiple credible sources and there are no major statistical inconsistencies between them
  • Quality level C: Data is from multiple credible sources and there are some statistical inconsistencies between them
  • Quality level D: Data is from a single credible source, but we cannot verify the data
  • Quality level E: Data is either:
    • From a single source, which we consider reliable, but we cannot verify the data.
    • From 2 or more sources which have some periods of contradicting trends.
  • Quality level F: Data is from a single source which we consider indicatively correct, but the data is anecdotal and we cannot verify the data.

 

What are the disclaimers?

  • We assume no responsibility or liability for any errors or omissions in the content of this site.
  • The information is provided on an “as is” basis with no guarantee of completeness, accuracy, usefulness, fitness for purpose or timeliness.
  • By their nature, outlooks are always uncertain

 

How often do we update the data?

  • We aim to update the data series on the 9th and 24th of each month (but we do not always make it for each chart)
  • The data for the current month and recent history are fine-tuned over time.

 

What are we doing to improve the data?

  • We are continually improving our data collection and processing methods
  • Pricing data will be updated from time to time as we improve the accuracy
  • We are reviewing all data sources in the first half of 2024.
    • There will be continuous fine-tuning of the trend and forecast algorithm as part of that.
    • The key focus in 2024 is to add many additional indexes

 

How can i give feedback on the data or request for new indexes

  • Feel free to contact us if you have a specific request. You can reach us via the Contact us page