INSIGHT: POTASH MARKET IN FURTHER CHAOS AFTER URALKALI CEO ARREST

The Uralkali CEO’s arrest has yet again raised further market uncertainties and price volatility.

  • 26 August - Uralkali CEO arrested in Belarus
  • 29 August - Russia restricts oil shipments to Belarus
  • 2 September - Belarus issues arrest warrant for Uralkali co-owner

"Potash prices have tumbled by 15%-20% in some markets such as southeast Asia and Latin America since the breakup of the cartel and are still trying to find a floor."

"Chinese buyers are asking for a price discount of $100/tonne to $300/tonne CFR, compared to the first half 2013 price of $400/tonne CFR."

"Producers are already preparing themselves for a few tough years ahead. Germany’s K+S plans a cost-cutting programme because of uncertainty in the market."

Download the free article now to read the full story.

All fields are required

Hello ! (Not you?)


Your Data Privacy
By completing this enquiry form you indicate your consent for us to email you information about selected products, events and services from ICIS and from carefully chosen third parties unless you object to receiving such messages by ticking the boxes below.