Potash market this week or welcome price increases

This week, the potash market remains relatively stable. Prices for potassium chloride from salt lakes, border trade, and Shandong ports are holding steady, with no immediate plans for price adjustments at Lop Nur. In Lianyungang, some traders are still waiting to see how the market will move, especially with Russian red potassium priced at 60. Reports indicate that Sinofert Sinochem has secured 500,000 tons of potash reserves, primarily through port-based storage. Some major ports, including Yantai and Qingdao, are expected to see higher prices in the coming weeks, while border trade activities remain stable. Industry sources suggest that large potash shipping contracts signed in the second half of the year could help stabilize the domestic market by controlling supply. Sino-Agricultural Sinochem is also considering modest price increases to boost demand in the latter part of the year. While a significant rise in potash prices is not anticipated this week, a slight upward trend is likely. The market remains cautious but hopeful as it moves into the next phase of the season. Overall, the outlook suggests a gradual shift towards higher pricing, driven by supply constraints and increased demand from key agricultural regions.

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