Potash fertilizer temporarily stabilized before the holiday

As the Mid-Autumn Festival approaches, the potash market is showing signs of temporary stabilization. Currently, there's limited supply of Russian potassium in Chinese ports, with northern agricultural ports not shipping much at the moment. Lianyungang has seen a small volume of sales, and prices remain relatively low. Additionally, border trade shipments of Russian potash in September have been modest, with most deliveries expected to arrive after the holiday. As a result, current price movements are not significant. Looking ahead, some port operators have reported that they are now selling potassium at higher prices, as stock levels have started to decrease. According to recent reports, the price range for Russian red potash is between 2000–2050 yuan per ton, while Russian white potash is offered at 2050–2100 yuan per ton, with transactions being negotiable. White potash is available at 20030–2050 yuan per ton, and agglomerate sales are priced between 2000–2010 yuan per ton. Plus white potash is quoted at 2270–2300 yuan per ton, with some low-priced goods sold at 2200 yuan per ton. The lowest transaction price in the port is currently around 2260 yuan per ton. Meanwhile, increased particle potash is offered at 2420–2450 yuan per ton, with transactions still open to negotiation. With the end of the autumn fertilizer preparation season, the current storage situation remains uncertain. Market participants are closely watching for any signs of demand recovery. However, it is anticipated that the potash market will continue to experience a downward trend in the near term due to weak demand and oversupply concerns. This suggests that further price declines may be on the horizon unless there are unexpected changes in supply or demand dynamics.

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