Potassium Chloride Prices Trend in the second quarter of 2023 | ChemAnalyst
Chemanalyst19 Sep, 2023Business
Potassium Chloride witnessed a bearish trend throughout the second quarter of 2023 in North America. In Canada, this decline was primarily attributed to weak market sentiments in the international arena, compounded by an abundant supply of potassium chloride. Discounts offered by Russia and Belarus to Asian, African, and South American countries significantly impacted global market prices. This price decrease was partly a response to reduced demand from farmers, who curtailed fertilizer applications due to concerns related to affordability and availability.
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