Potassium price remained stable in China

By CnAgri2012-07-06 16:17:45 Print

Potassium price has been stable recently amid dull sales. The current potassium price at Chinese ports is about RMB3,030 ~ 3,080/MT for Russian red potassium, RMB3,120 ~ 3,150/MT for Russian white potassium and RMB3,100 ~ 3,150/MT for domestic MOP (60%).

MOP stock added up to 1.1 million MT at Chinese ports in late June, slightly more than the month before. While potassium supply is abundant, potassium sales look dull because compound fertilizer plants run at low capacity. Traders generally keep potassium stock at a low level to avoid losses. In view of the current economic recession, potassium market is unlikely to see a recovery in the short run.

From "China Fertilizer Market Weekly Report"