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US domestic muriate of potash (KCl) prices have declined steadily, according to the report. Falling natural gas costs, which are down more than 70% over the past year, have lowered production costs.
Nutrien has paused its potash capacity expansion and its Geismar ammonia project.
Lower gas-based production costs and softer domestic prices reduce fertilizer input costs for US farms, which is bearish for potash and nitrogen-linked inputs.
chemanalyst.comJai SenAug 29, 2023Not enough comparable past events yet for a historical read.
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.
