International potash: EUR 10 in European market

At present, the price of large-particle potassium chloride is still likely to rise. At present, there may only be production of white potash fertilizer for sale, and white potassium may not be available for purchase after March. The latest transaction prices of Israeli ICL Corporation and Ural Potash Corp. and the European market have been raised by 10 Euros (t price, the same below). These potash fertilizers will be shipped in April. It is expected that other suppliers will also follow the price increase.

The Indian market has recently been a focus of attention, and India’s new year contract will be signed at the end of March. The reduction of potash subsidies by the Indian cabinet will definitely affect the import volume. The Department of Fertilizers in India hopes that the maximum retail price of potash will remain at the current price of US$257, which means that the contract price for this year will be lower than last year. But there is another possibility, because India's potash stocks are lower than last year, this year's potash imports must increase to meet basic needs.

After increasing the price by adding potassium, in addition to reaching more deals with the Brazilian market, large and small particles of potassium chloride shipped in the second quarter were traded at 360 and 350 U.S. dollars in various countries in Latin America. There is no potassium in the hands of global suppliers. Chilean SQM has persuaded some buyers to purchase *** instead of potassium.