An Industrial Minerals outlook says the fertilizer market is oversupplied, with potash producers adding capacity from new projects. The PotashCorp and Agrium merger would create a company with nameplate potash capacity above 20 million tonnes a year.
Expanding potash capacity and expected falling raw material costs point to softer potash prices through 2018. Higher phosphate prices driven by reduced US and Chinese exports are expected to be short-lived.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.