Potash market stalls on wait for new contracts

摘要

The potash market is largely stable and quiet this week as players await news on the Chinese and Indian potash contracts before increasing market activity. The stalled Chinese contract negotiations have in recent weeks helped push down potash prices in some regions, particularly Brazil and Southeast Asia, and the wait goes on as Chinese representatives take a break for the Lunar New Year next week. Potash players have grown used to a January Chinese contract decision over the last five years but negotiations running through Q1 and even into the second quarter are not unheard of.