Market prices set to flat line until China contract

摘要

The market is still deprived of an agreement between Chinese importers and suppliers, resulting in no movement on the major benchmark prices. Low demand continues to take its toll on the financial results of producers, with ICL being the latest company to show a significant drop in sales volumes and revenue. Uralkali has decided the market outlook for demand warrants a revision of its capacity expansion plans, and the environment for greenfield projects in Saskatchewan might have become harder from a tax perspective given the recent changes by the Province's government.