The potash market is largely stable this week with a floor seemingly hit in spot markets and suppliers attempting to achieve higher prices in Q2. BPC and Canpotex have now announced quantities on their new Chinese contracts and Uralkali is expected to complete its deal by early next week followed by the other larger suppliers. Canpotex increased its firm volumes to 1.8 million mt from 1.6 million mt last year and BPC achieved an agreement for 1.7 million mt of firm volumes, a vast increase on the 500,000 mt it agreed on a half-year basis in 2014.
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