my country’s potassium salt resources are relatively scarce and the industry concentration is high

Potassium salts refer to potassium-containing minerals, which usually appear as gray, pink, white or brown crystals. They have the characteristics of high melting point, easy moisture absorption, and high potassium content. They are widely used in agriculture, industry, and medical fields. There are many types of potassium salts, including potassium aluminum sulfate, potassium sulfate, potassium chloride, potassium hydroxide, potassium nitrate, etc.

Potassium chloride is a representative product of potassium salt, its chemical formula is KCl, and it is an inorganic compound. Potassium chloride is widely used in chemical industry, fertilizers, dyes, medicine and many other fields. In the field of fertilizer, it can effectively improve the growth stiffness of branches and leaves and the speed of plant flowering and fruiting. This field is the largest demand end. According to statistics from the Potassium Salt and Potash Fertilizer Branch of the China Inorganic Salt Industry Association, my country’s total potassium chloride output will reach 5.82 million tons in 2022, a year-on-year increase of 11%. In the future, as the application demand for segmented products increases, the prosperity of my country’s potassium salt industry will further increase.

Qinghai, Yunnan, Tibet, Xinjiang, Sichuan and other places are the main potash producing areas in my country. Potassium salt is a relatively scarce mineral resource in my country, and its proven reserves currently account for less than 10% of the world’s total reserves. The main types of potassium salt deposits in my country include sedimentary type, modern salt lake type and underground brine type. my country’s potassium salt deposits generally have problems such as poor selectivity, poor ore quality, and low grade. Their output is extremely low, and demand is highly dependent on imports. Russia, India, Brazil and other countries are my country’s main importing countries.

According to the “2023-2027 Potassium Salt Industry In-depth Market Research and Investment Strategy Suggestions Report released by the Industrial Research Center, potassium salt It is widely used in agriculture, industry and medical fields. In the agricultural field, potassium salt can be used to produce potassium fertilizer. my country is a large agricultural country with a huge crop planting area and strong demand for potassium fertilizer applications. In 2022, my country’s potassium fertilizer demand will reach nearly 20 million tons, setting a record high. In the industrial field, potassium salts are used to manufacture potassium compounds for industrial use. In the medical field, potassium salts can be used to make drugs such as testosterone propionate, spironolactone, and progesterone. Benefiting from the accelerated development of downstream industries, my country’s potassium salt market space continues to expand.

​​ ​​Main potash manufacturers in my country include Qinghai Salt Lake Industry Co., Ltd., Potassium International Investment (Guangzhou) Co., Ltd., Zangge Mining Co., Ltd., Mangya Jingxin Hualong Potash Co., Ltd., etc. my country’s potash industry is highly concentrated, with Salt Lake Co., Ltd. as the leading company occupying a major share of the market. According to the annual report of Salt Lake Co., Ltd., the company’s potassium chloride manufacturing output will reach 5.8 million tons in 2022.

Industry analysts People said that potassium salt is widely used in the agricultural field. In the future, with the increasingly strong downstream demand, its industry development trend will continue to good. Potassium chloride is a representative product of potassium salt. It has excellent comprehensive properties and a wide range of applications. At present, my country’s potassium salt resources are relatively scarce and its demand is highly dependent on imports. This is the main challenge facing the development of the industry.