Potash plants in Qinghai are running at about 85% utilization, while border-trade potash supply is temporarily short of rail cargo after continued import suspensions, with prices easing slightly as earlier stored stock circulates. Urea ex-works quotes in major northern and central Chinese producing regions were mostly stable with a few small gains, and daily urea output is about 216,000 tonnes after operating rates eased slightly from a high level.
Lower-priced domestic urea and potash supply keeps fertilizer input costs for crop producers contained, which indirectly supports feed grain production costs. Import suspensions tightening border potash supply are a modest upward pressure on potash prices.
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.