my country’s potassium chloride production has increased, and Salt Lake shares account for the largest market share

Potassium chloride belongs to one of the subcategories of inorganic compounds. The chemical formula is KCl. It mostly appears as a white or light yellow crystal with no special odor at normal temperature and pressure. Potassium chloride is soluble in water, glycerol, ether and alkali, slightly soluble in ethanol solution, but insoluble in absolute ethanol. Potassium chloride has certain hygroscopicity and is relatively easy to clump. At present, the preparation process of potassium chloride has matured and can be roughly divided into brine exchange method, cold decomposition-flotation method, reverse flotation-cold crystallization method, etc.

Potassium chloride has a wide range of applications and is widely used in industry, agriculture, medicine, food processing and other fields. In the industrial field, potassium chloride is mostly used to make potassium salts, such as potassium sulfate, potassium permanganate, potassium hydroxide, potassium carbonate, potassium dichlorphosphate, etc. In the agricultural field, potassium chloride is mostly used to produce chemical fertilizers, which can enhance the resistance of crops to lodging, thereby improving crop yield and quality. In the field of food processing, potassium chloride can be used directly as a flavor enhancer and preservative. In addition, potassium chloride can also be used directly as raw material medicine, and is mostly used in the production of potassium chloride tablets, potassium chloride injection and other drugs. Overall, my country’s potassium chloride market demand is relatively huge.

According to the “Potassium Chloride Industry Development Prospects and Investment Strategic Planning Analysis Report 2023-2027” released by the Industrial Research Center, in Driven by downstream market demand, the production scale of my country’s potassium chloride enterprises has gradually expanded, and output has increased. In 2022, my country’s potassium chloride production has exceeded 4 million tons. However, because there is still a certain gap between my country’s potassium chloride market demand and production, it still needs to be imported in large quantities from abroad. According to data released by the General Administration of Customs, my country’s potassium chloride import volume in 2022 will be 7.998 million tons, a year-on-year increase of 4.24%.

From the perspective of import source countries, my country’s potassium chloride import source countries mainly include Russia, Canada, Belarus, Laos, etc. Among them, Canada has become the country with the largest import volume of potassium chloride in my country, accounting for 30.81% of the import volume; followed by Belarus, accounting for 25.23% of the import volume; Russia ranks third, accounting for 22.10% of the import volume.

At present, my country’s potassium chloride market is highly concentrated, and leading companies have emerged. The largest potassium chloride companies in my country mainly include Salt Lake Co., Ltd., Qinghai Lianyu, Zangge Holdings, Jingxin Hualong, Geological and Mining Group, etc. Among them, Salt Lake Holdings has the largest market share, reaching 63.97%; followed by Zangge Holdings, with a market share of 22.84%. As the largest potassium chloride manufacturer in my country, Salt Lake Co., Ltd. has seen its operating income gradually increase. According to data in the company’s annual report, in 2022, Salt Lake Holdings achieved operating income of 30.748 billion yuan, a year-on-year increase of 108.06%.

Industry analysts said that my country’s potash resources are not rich and the level of mining technology is very limited, which has led to the development of my country’s potassium chloride market being hampered. Certain restrictions. At present, my country’s potassium chloride companies are gradually expanding overseas, actively acquiring overseas potassium resource exploration and mining rights, increasing corporate resource reserves, thereby increasing my country’s market supply of potassium chloride.