For the Quarter Ending September 2025
North America
• In United States, the Potassium Sulphate Price Index fell quarter-over-quarter in Q3 2025, influenced by easing feedstock costs.
• Potassium Sulphate production costs declined in Q3 2025, driven by weakened Potassium Chloride and sulfuric acid prices.
• Agricultural demand for potash fertilizers strengthened in Q3 2025, supported by seasonal crop cycles and rising food consumption.
• Demand outlook for Potassium Sulphate is supported by a 5.42% increase in retail sales in September 2025.
• Potash inventories in the US Gulf region tightened in Q3 2025, with global channel inventories remaining low.
• US natural gas prices saw an uptick in Q3 2025, easing in September, impacting energy-related production costs.
• Industrial production increased modestly by 0.1% year-over-year in September 2025, suggesting weak industrial demand.
• The 3.0% CPI increase in September 2025 indicated general inflation, potentially raising operational costs for producers.
• A 4.3% unemployment rate in September 2025 supported consumer purchasing power, boosting agricultural and industrial demand.
Why did the price of Potassium Sulphate change in September 2025 in North America?
• Potassium Chloride feedstock costs weakened in Q3 2025, reducing Potassium Sulphate production expenses.
• Sulfuric acid costs experienced downward pressure in Q3 2025 due to ample supply.
• Overall potash prices eased through September, influencing Potassium Sulphate trends.
Europe
• In Germany, the Potassium Sulphate Price Index fell quarter-over-quarter in Q3 2025, driven by reduced production costs.
• Production costs declined due to a 1.7% PPI decrease in September 2025 and moderated natural gas prices in Q3 2025.
• Agricultural demand for fertilizers strengthened in Q3 2025, supported by increased German grain production forecasts.
• Industrial demand faced headwinds as Germany's Manufacturing Index was contracting in Q3 2025.
• Feedstock costs for Potassium Chloride edged lower and Sulfuric Acid costs declined in September 2025.
• Overall industrial production decreased by 1.0% in September 2025, impacting industrial consumption.
• Consumer Price Index increased by 2.4% in September 2025, indicating rising operational costs for producers.
• Stable Potassium Chloride availability and ample Sulfuric acid inventories contributed to price pressure in Q3 2025.
Why did the price of Potassium Sulphate change in September 2025 in Europe?
• Production costs decreased due to a 1.7% PPI decline and moderated natural gas prices in Q3 2025.
• Weak industrial demand, with a contracting Manufacturing Index and 1.0% lower industrial production in September 2025.
• Strengthened agricultural demand for fertilizers, driven by increased grain production forecasts in Q3 2025.
APAC
• In China, the Potassium Sulphate Price Index rose in Q3 2025, driven by tightening supply and robust agricultural demand.
• Potassium Sulphate production costs faced upward pressure in Q3 2025 due to elevated elemental sulfur prices.
• Agricultural demand remained robust in China Q3 2025, supported by bumper grain harvest expectations.
• Global potash supply tightened in Q3 2025 due to production cuts; domestic sulfuric acid supply was constrained.
• China's Manufacturing Index was contracting in September 2025, despite industrial production growing 6.5% year-over-year.
• Sulfuric acid inventories tightened by mid-October 2025, reflecting low levels at the end of Q3.
• Port congestion and freight volatility in Chinese ports disrupted delivery schedules throughout Q3 2025.
• Consumer Price Index fell 0.3% and Producer Price Index fell 2.3% year-over-year in September 2025, indicating deflationary pressures.
• Retail sales grew 3.0% year-over-year in September 2025, indirectly supporting overall economic activity.
• The Potassium Sulphate price forecast indicates continued upward pressure due to persistent supply constraints.
Why did the price of Potassium Sulphate change in September 2025 in APAC?
• Elevated elemental sulfur prices in Q3 2025 increased production costs.
• Global potash supply tightened in Q3 2025 due to production cuts.
• Robust agricultural demand in China, driven by harvest outlook, supported prices.