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Potassium chloride prices in Germany remained fragile on weak downstream purchasing, with European buyers cautious amid heat waves followed by tropical storms that hurt crops. In China, supply expectations after recent contract settlements pressured port prices, while Chinese imports hit a record 6.5 million tonnes in the first half, up 24%.
Ample supply from Chinese contracts and record imports point to softer potash prices in Southeast Asia, while weak European demand limits any rebound. Potash is a fertilizer input rather than a feed commodity, so the feed-price effect is indirect.
chemanalyst.comAug 22, 2024Not 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.
