Delay of Potassium Import Negotiation Expected

By CnAgri2012-08-07 13:08:07 Print

Due to soft demand, imported potassium has been on dull sale recently. The stock volume of imported MOP at Chinese ports hit 1.7 million MT at the end of July, a double of the same period of last year.

In the international market, a high potassium stock level makes it difficult for suppliers to raise price.

In the Chinese market, potassium price went down RMB100 ~ 200/MT in June ~ July. It is generally expected that potassium price may stay low in the second half of this year.

With the expansion of domestic potassium production, domestic potassium producers now hold 50% of the market in middle China and 40% in eastern China, subduing the market demand for imported potassium.

Taking advantage of abundant supply at home, Chinese importers may delay negotiation on potassium imports for the second half of this year and potassium import price may be below $470/MT, the price settled for the imports in the first half of this year.

From "China Fertilizer Market Weekly Report"