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BPC responded on Twitter to Uralkali's criticism of its China potash contract, saying the Chinese price is now higher than Brazil's and that Uralkali's financial problems should not shape a market-wide agreement. Uralkali is the main competitor of BPC in potash.
The public dispute between the two producers shows the China contract is not settled, which adds uncertainty to potash contract pricing. The price comparison with Brazil is a sign of firm Chinese demand terms.
fertilizerdaily.comMay 13, 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.
