Potassium fertilizer prices in Europe fluctuated moderately as suppliers were pushing up the price of potash fertilizer in the second quarter. Some buyers gave prices far below the quoted price level, while some suppliers said that the CIF price of granular potassium chloride was as high as 305 euros (ton price, the same below), and the game between the two sides intensified.
The demand for granular potassium chloride in Southeast Asia is low. The Thai government raised the retail price of major fertilizers, but the increase did not stimulate consumption, while severe drought reduced market demand and prices. Vietnam’s Mekong Delta region usually starts to apply for fertilizer in March, and sales have declined due to lack of rainfall. With high inventories and delayed demand, Vietnam’s imports are also affected.
| PVA 1788 (PVA BP17) |
Last week, the price of potassium chloride remained stable and the price of potassium sulfate in East Asia fell. Since the abolition of export tariffs, the export volume of potash fertilizer in China has increased sharply, which may continue in the case of weak domestic market. Export market competition is intensifying.
It is reported that if the market demand meets the supplier’s expectations, the price of Brazilian granular potassium chloride may rise. The supplier does not give any reason for the price increase. If negotiation fails to reach an agreement, the buyer is prepared to reduce the purchase volume. The price of granular potassium chloride in Southeast Asia will remain stable. The price of granular potassium chloride in Northwest Europe may be in line with the new quarterly price to be announced by K+S in early May.
| PVA 1799 (PVA BF17) |