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Domestic port inventories of potassium chloride in China reportedly reached about 4.7 million tonnes, a record high and more than 120% above the same period last year. Spot prices for potash continue to trend downward, and potassium sulfate production runs at about 35% of capacity.
Record port stocks combined with sluggish demand point to further downward pressure on potash prices in the short term, with import volumes as the key swing factor.
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.