Potassium price has been on the rise recently amid a tight supply in the international market. BPC?s quotation to Brazil for Jan. is $400/MT CFR and IPC?s quotation to East Europe is $440~450/MT (powder), up $40/MT and $50/MT respectively over this Dec.
Thanks to torrential potassium imports, China has enough potassium stock to meet the demand during the coming spring plowing. This puts China in a favorable position during the negotiation with international potassium suppliers for China?s imports in 2008.
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