Potash market shocks and picks up

Recently, the domestic potash fertilizer market has begun to pick up

Industry insiders said that under the influence of factors such as low inventories, higher agricultural prices and geopolitics, it is expected that the price of potash fertilizer will fluctuate at a high level in 2022

According to Shi Bin of Inner Mongolia Tongliao Xinyi Dingyuan Trading Co.

At the same time, foreign potash fertilizer stocks are also at a low level

Wang Zhe, a researcher at CITIC Securities, believes that with the advent of the spring ploughing season in the northern hemisphere, the demand for potash fertilizer will increase, the inventory will remain low, and the price of domestic potash fertilizer will easily rise but not fall

In addition to the impact of low inventories, the mismatch between global supply and demand caused by geopolitics is also an important factor for the recovery of the potash fertilizer market

Belarus, as the world's major potash fertilizer exporter, accounts for about 17% of the world's total potash fertilizer supply

It is worth noting that, as the largest single buyer of potash fertilizer in Belarus, Norway Yara International Co.

　　In addition, the rising prices of agricultural products also brought some support to the potash fertilizer market

　　Since 2020, most of the global futures prices of major agricultural products such as corn, wheat and soybeans have shown an upward trend

　　"The price of potash fertilizer is expected to remain high in the first half of 2022.