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Belarusian Potash Company plans to propose raising its new China potash contract price to $290/t from $230/t, matching the level it agreed with India. BPC says the price could rise further if the China contract is delayed, and that supplier conditions are favourable.
China's potash contract sets a global price floor, so a higher benchmark would lift potash costs worldwide and make the market tighter for suppliers.
republicofmining.comAug 28, 2018
zeebiz.comReutersAug 28, 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.
