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 "india"
Reuters reported that both India and China are working to take advantage of market upheaval by seeking price cuts of 25 percent or more.
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.
Coromandel International has expanded its share of India’s single super phosphate production, a market that is experiencing growth in the face of rising phosphate prices.
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.
Chinese and Indian potash buyers have said they want to see lower prices for potash and will wait until they get them.
Weak monsoon rains are wreaking havoc on India’s agricultural markets, and the prospect of drought is unsettling assumptions about upcoming potash demand.