Low stocks and strong demand will make it difficult for key importing countries China and India to negotiate long-term muriate of potash (MOP) contracts, according to ICIS News. The MOP producers are looking for $300 per tonne, but that would be $70 and $60 more than currently paid by China and India, respectively. In the meantime, prices have been rising in recent weeks as a result of increased supply from Russia and other countries.
Low stocks and strong demand will make it difficult for key importing countries China and India to negotiate long-term muriate of potash (MOP) contracts, according to ICIS News. The MOP producers are looking for $300 per tonne, but that would be $70 and $60 more than currently paid by China and India, respectively. As the countries compete for limited supplies it may be that China has the upper hand, since it has ample stocks, while India may have less than two and a half months’ supply.