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Belarusian Potash Company cut its potassium chloride price for China by 24.1% to $220 per tonne for 2020, down from $290 under the 2019 contract. Uralkali's director general called $220 the effective price bottom and said Uralkali is negotiating with China and will sell a stockpile of several hundred thousand tonnes delivered in late 2019.
The lower Chinese contract price sets a reference floor for global potash, and the unsold Russian stockpile could add near-term supply pressure. Buyers should expect potash prices to stay weak unless the bottom holds.
primepress.byPrimepressJul 3, 2020Not 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.
