The Economic Times of India reported that India has purchases 160,000 tonnes of diammonium phosphate from China at the lowest price in over six years, marking what could be a price benchmark for other purchasers.
Articles Tagged "china"
Reuters reported that both India and China are working to take advantage of market upheaval by seeking price cuts of 25 percent or more.
Bloomberg reported that OAO Uralkali (LON:URALL) has exited a marketing venture which maintained control of about 43 percent of global exports, suggesting the prices may soften as they go it alone.
Migao Corporation (TSX:MGO) announced that they intend to create a joint venture with EuroChem for production of up to 60,000 tonnes of potassium nitrate and up to 200,000 tonnes of chloride-free NPK fertilizers in Yunnan in China.
Potash prices are still on the low side, and some fertilizer buyers are taking advantage of the opportunity to stock up on the much-needed fertilizer.
Potash Corporation of Saskatchewan's bid for Israel Chemicals could have big implications for the potash markets even beyond the borders of Canada and Israel.
After watching potash contract and spot prices fall through much of 2012, producers believe prices will not drop any further.
With potash contract prices dropping to the lowest level seen in years, the potash sector does not appear ready to rebound just yet.
Potash producers are optimistic about their 2013 demand projections, however, some financial firms remain skeptical.
A potash-market slowdown has been offset by strong strategic moves taken by industry heavyweights.