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Uralkali said BPC is selling potash at a price low enough to make it impossible for Uralkali to conclude contracts. It said the $220/t price set with China last week does not reflect market conditions, and warned that low prices would cut producer investment and eventually cause a potash shortage.
The dispute over the China contract price points to a possible split in global potash pricing, with lower benchmarks pressuring the market. Lower fertilizer prices help feed-grain margins but signal weak producer pricing power.
mining.comCecilia JamasmieMay 5, 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.
