
The potash market remained relatively stable this week, with key players such as salt lake producers, border traders, and Shandong ports maintaining steady potassium chloride prices. Lop Nur potassium is also not expected to see any price changes in the near term. In Lianyungang, some traders are still quoting 60% Russian red potassium at current levels, while the market remains cautious and waiting for further signals.
Recent reports indicate that Sinofert Sinochem has secured a 500,000-ton reserve of potash fertilizer, primarily sourced from port terminals. Some major ports, including Yantai and Qingdao, are expected to face higher pricing pressures in the coming weeks. Meanwhile, border trade activities are likely to remain steady due to consistent supply flows.
Industry insiders suggest that large potash shipping contracts signed in the second half of the year could help stabilize domestic prices by managing supply levels. Additionally, Sino-Agricultural Sinochem is considering modest price adjustments to boost demand during the latter part of the year.
While no major price hikes are anticipated this week, a slight upward trend is expected as market participants react to tightening supply and growing demand. Overall, the potash market is showing signs of gradual improvement, with potential for more significant movements in the near future.
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