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ICL is ending potassium chloride production at its Boulby mine in the UK and converting it to dedicated polyhalite production this year. Polyhalite sales have grown about 50% annually, and ICL targets 1 Mt/y output by 2020.
Removing a UK potash chloride source is minor against global MOP supply of about 66 Mt, and the polyhalite shift is a niche product change with limited near-term price impact.
crugroup.comAuthor Humphrey Knight, Rajiv Ram PotashJun 5, 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.
