Rotterdam (The Netherlands): In the past few weeks, the Potassium Nitrate (KNOx) market in the Netherlands experienced a notable bearish trend, with prices declining to USD xxx/MT FD Rotterdam, marking a decrease of USD xx/MT (-x.xx). This downturn was primarily influenced by a variety of interconnected factors impacting both supply and demand dynamics. The Potassium Nitrate market in the Netherlands faced a challenging landscape in April xxxx, characterized by a bearish trend driven by a combination of factors impacting both supply and demand. While near-term forecasts suggest continued downward pressure on prices, the outlook for July indicates the possibility of a rebound driven by increased demand.
On the demand side, several key industries that utilize Potassium Nitrate exhibited reduced consumption. In the fertilizer sector, a seasonal downturn coincided with an overall economic slowdown, leading to decreased demand for Potassium Nitrate. Similarly, the food industry, which relies on...
