Hamburg, Germany: The German potassium chloride market exhibited a bearish trend in December xxxx. According to industry experts, most potassium chloride consumer markets were oversupplied. This month witnessed high destocking, and overall demand across other European markets remained mostly poor. Additionally, the decrease in the prices of essential raw materials, such as natural gas and ammonia, coupled with lower production rates, exerted downward cost pressure on potassium chloride. The year-end holidays and the destocking season typically led to diminished industrial activity and reduced demand for raw materials of potassium chloride.
The drought in Brazil, a major consumer market for potassium chloride in Germany, has prompted farmers to postpone their fertilizer acquisitions for the upcoming corn-planting season, affecting sales for global fertilizer supplies in the top corn-exporting nation. The drought, associated with the El Ni帽o climate phenomenon, underscores the instability facing global agriculture amid the acceleration of climate...
