Potash prices pressured but largely stable for now

摘要

Most key global potash spot prices were assessed stable this week as Carnival festivities halted activity in Brazil, though downside price pressure has started to emerge. Southeast Asia stands out as the market with the most bearish sentiment currently, with tender offers in Indonesia showing price declines of roughly $10-15/t from the fourth quarter. Some suppliers have been unwilling to submit to lower prices, but others have acted more aggressively.