
China's potash chloride prices hit record highs in July, with the port quote for 62% white potash reaching RMB 3,600/ton. Tight import arrivals and domestic production restrictions are constraining supply despite weak demand.
International urea quotes are also rising.
Higher Chinese potash and urea prices tighten global fertilizer supply and raise crop input costs, which can weigh on farm margins for corn and soybean production.
Not enough comparable past events yet for a historical read.
After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% over 20.
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.