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Chinese potash prices have risen 48.9% since early June, and port inventories have fallen below 2.2 million tons. The EU has sanctioned Belarusian potash exports and restricted shipments through Klaipeda, Lithuania.
High prices have delayed stocking by distributors and compound fertilizer makers ahead of autumn and winter.
Tight Belarusian supply and sanctions keep potash expensive, while high prices are slowing buying that would otherwise support demand. Buyers should expect firm potash costs through the fall application season.
sxleixinchem.comSep 6, 2021Not 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.
