Rotterdam (Netherlands): The European Potassium Nitrate market experienced a significant price decline at the end of the second quarter of xxxx, driven by reduced import prices, weakened demand, and broader economic challenges affecting both the agricultural and industrial sectors. Increased global supply, efficient production processes in exporting countries, and favorable exchange rates contributed to lower import prices, putting downward pressure on domestic prices. As a result, Potassium Nitrate prices in the Netherlands fell to USD xxx per metric ton (MT) on a Free Delivered (FD) Rotterdam basis, marking a decrease of USD xx/MT, or x.xx, from the previous month.
The supply of Potassium Nitrate in Europe remained moderate to high, with ample inventory levels reported by market participants. Despite facing higher production costs compared to global competitors, European producers maintained stable production levels. However, global port congestion further complicated supply dynamics, with over x.x million...
