Loading…
Global muriate of potash trade stalled in mid-April 2024 because India's first six-month import contract had not been settled and China had shown no interest in signing one. Indian buyers were countering around $290/tonne CFR, below the previous $319/tonne contract.
Southeast Asian buyers cited the lack of settlement to push for lower prices.
The pending India contract is a key benchmark, and a settlement well below the prior $319 level would set a lower global potash price floor. Continued stalling keeps the market bearish with limited upside.
linkedin.comApr 19, 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.
