BEIJING, Feb. 9 /PRNewswire-Asia/ -- Himfr.com, one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, reports that China's domestic potash fertilizer market has opportunities for growth.
The global potash demand is still shrinking, resulting in the strongest potash prices continuing to fall. Himfr has learned that due to Russia's BPC and North America's Canpotex, along with other giants, cutting prices, a downward spiral also has begun on the price of domestic potash fertilizer. However, analysts believe that potash fertilizer prices are expected to stabilize around the Spring Festival, with prices having opportunities in the future.
Prior to this, a higher concentration of major potash fertilizer producers in China have tried to lower production and protect the price to get out of the crisis, the global potash demand has shrunk to make major domestic potash fertilizer sales businesses experience and downturn.
Himfr expects that when the spring market starts up, the downstream industry will be significantly less than the stock of potash.
The domestic potash fertilizer market outlook still has opportunities. Analysts believe that, from the internal environment, such as fertilizer plants, often before the onset of peak production, the selection of cut-off off-season in order to reduce storage costs, thus forming the seasonal changes in demand for the potash industry. Right now is not really a fertilizer season, as downstream demand is weak; and therefore the market transactions are at a minimum.
As for international trade, the recovery of potash in Asia will see potassium chloride standard pre-sale prices no lower than 385 U.S. dollars, and large-particle potassium chloride prices less than 400 U.S. dollars. Once the international prices increase, then the domestic potash fertilizer producers are still expected to obtain new price increase opportunities.
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