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CRU reports Chinese potassium sulphate exports held steady at about 25,000 tonnes a month in Q3 2019, totaling 279,000 tonnes in the first nine months. Traders offered prices as low as $370/t FOB as weak domestic demand pushed exports.
Aggressive Chinese SOP export pricing adds supply to global potash-based markets and weighs on international prices.
crugroup.comAuthor Humphrey Knight China Potash SOPNov 11, 2019Not 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.
