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Domestic Chinese potash prices have kept rising over the past year and recently reached their highest level in several years. Potash stocks at main ports fell to 1.5 million tonnes, the lowest for the same period in three years, while producer inventories are low.
Downstream NPK producers are holding back purchases and waiting to see where prices go.
Tight Chinese port stocks and low producer inventories support higher potash prices, while downstream NPK buyers' reluctance to restock may slow near-term demand. Rigid NPK demand is expected to bring purchasing back over time.
en.cnagri.comNov 29, 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.
