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China's domestic potassium chloride market has seen supply improve significantly, with producers running at about 62.2% and port inventories at 2.43 million tons. Government reserve releases have reached about 2.11 million tons, and spring restocking demand is winding down.
Ample supply and weakening restocking demand point to softer Chinese potash prices and lower import pull for global potash. The government reserve releases are a policy lever that caps price spikes.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.