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Uralkali has agreed only minor potash volumes to China at $290 per tonne and does not plan to sign its usual larger annual contract at that price, as it considers the level too low. The company plans to redirect sales away from Asia, according to Interfax.
Holding back volume from the Chinese contract tightens near-term potash supply and signals resistance to low prices, which supports potash values.
reuters.comDec 3, 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.
