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Vinachem reports that the global sulphate of potash market will stay tight into the first quarter of 2019 and possibly longer. Legacy producers have cut output or suffered outages, creating order backlogs, and Q4 prices in northwest Europe are steady at €465-480/tonne FOB.
Producers expect Q1 2019 offers to rise by up to €10/tonne.
Tight supply and buyers rushing to secure spring deliveries support potash prices into early 2019. Higher potash costs would add to fertilizer input expenses for crops used in feed.
vinachem.com.vnDec 17, 2018Not 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.
