Riċentement, the international potash market demand has increased, releasing a recovery signal.
Due to a strike by Vancouver port workers, vjeġġi of commodities such as sulphur and potash been suspended since Lulju 1. The strike was recently resolved after government mediators intervened in a dispute between the union and the Port Authority. After the agreement was reached, shipments resumed Friday morning. North American fertilizer producer Nutrien has cut production at its Cory potash mine due to a lack of exports. Nutrien did not say how much product be lost as a result of the production cuts. The mine reportedly has a potassium chloride capacity of 3 million tons per year. But in recent years, Cory has produced just 1m tonnes of potash a year. The Canadian shipment delay is unly to have a imhu to have a immediate impact on prices, but could provide some support for 1-2 months, with suppliers l-għan biex iż-żieda il-prezzijiet in il il-ġimgħat li ġejjin.
Għal issa, U.S. granulari potassium chloride barkun prezzijiet jibqgħu mhux mibdula u attività jibqa' sparse as domestiċi produtturi huma mistennija kondotta kondotta sajf mili operazzjonijiet in il li jmiss ġimagħtejn. Il Brażiljan suq ġie affettwat minn b'saħħtu sojja—staġun domanda, u ħafna fornituri kellhom limitat provvista f'Lulju-Awwissu, li li prompted fornituri għal mira ogħla prezzijiet. Brażil granulari grad potassju klorur prezzijiet huma stmati $330-340 % 2f ton CFR. Some offers have risen to $345 / t CFR, but it is understood li xejn of the deals reached that level during this week's evaluation window. However, it is undeniable li the Brazilian market demand will continue, and the market will pick up in the later period.
Demand in India is ukoll strong at the moment as monsoon rains have started across the country. While standard KCL contract negotiations are still ongoing, the new Indian standard KCL contract is expected to be priced in the range of $315-322 / ton CFR with a {{{}{{{}}180-day letter of credit. The coming contracts in India will contribute to the recovery of demand in Southeast Asia, and shipments to India will also resume, helping to further strengthen market confidence and reduce further pressure on suppliers.
