# China finally settles new potash contract – but will it s... - CRU Group

> China's importing consortium settled a new potash import contract on April 30 at $220/t CFR with BPC, ending a wait of more than 19 months. The price is $70/t below the previous September 2018 contract and only $1/t above the 2016 decade low. Record stocks in Chinese bonded warehouses mean import volumes may stay weak for months.

- Date: 2020-05-06 · published 2020-05-06T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/53064-china-finally-settles-new-potash-contract-but-will-it-s-cru-group
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

The settlement sets a new floor for potash, but heavy inventories suggest spot prices will not respond until later in 2020. Buyers should expect soft potash pricing in the near term.

## Read by commodity

- POTASH: bearish ▼

## Sources

- crugroup.com: https://www.crugroup.com/en/communities/thought-leadership/2020/china-finally-settles-new-potash-contract-but-will-it-stop-the-spot-market-rot/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.