North American Potassium Chloride Market Steadies Despite Trade Policy Uncertainty

The US potassium chloride market appeared to be at a standstill in mid-August xxxx, with steady prices and weak demand overshadowed by rising optimism regarding US-Russia discussions on possible tariffs. Extending the trend, Canada continued to be the main source of supply; nevertheless, some interruptions from Russia, the second largest exporter to the US, could have sent shocks through the potassium chloride market. Potassium chloride remained unaffected by the previous round of tariffs, but the uncertainty around the policy environment meant buyers remained hesitant and waited for stronger indications.

In terms of trade, as noted, some changes were noticed in the trade dynamics. Based on the first half of xxxx, the US imports of potassium chloride fell to x.x?MT, which is about xxx lower than the previous year. Canada remained the predominant supplier, with x.x?MT of exports, despite a xx fall, while...