Chinese market stable, still no contract developments

摘要

The domestic market in China was stable this week following price increases from Chinese suppliers and distributors last week. Prices are seen in the range of RMB 2,100-2,200/mt for standard product and as high as RMB 2,250/mt for the white 62% K2O product. Last week, Sinofert upped its port wholesale prices to RMB 2,250/mt FCA ($359/mt) for white 62% K2O product and RMB 2,180/mt FCA ($348/mt) for standard MOP while QSL increased its crystal standard MOP price by RMB 30/mt to RMB 2,160/mt DEL and its powder standard MOP price increased by the same level to RMB 2,130/mt DEL.