Potash Price Trend Analysis, Historical Chart and Forecast
Potash is a fertilizer rich in potassium (symbol K), which is present in the earth’s crust and is the seventh most common element in nature. It’s a soft metal which looks silvery-white in appearance and has a silver lustre. It is derived from the underground mining of potash rocks and sylvinite rocks deposits which formed over millions of years from evaporated seabeds.
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It is a vital ingredient needed by all animals, plants, and humans for survival. It includes ingredients like Potassium, Nitrogen, and Phosphorous.
Key Details About the Potash Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Potash price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Potash Price chart, including India Potash price, USA Potash price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Potash Price Trend:
The demand for potash is propelling forward due to the product’s demand as a fertilizer in the agricultural sector for improving the crop’s health. Furthermore, it gets added to detergents for building liquid detergents that are used to keep the clothes clean, fresh, and soft owing to its softening properties.
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In the pharmaceutical industry, it gets added as a key ingredient which allows electrolyte balance in the body. Other applications which boost the industry’s expansion include its role as a glaze ingredient in the ceramic industry due to its low surface tension, its role as a water conditioner, and to replacement of de-icing salts. Thus, these applications of the product across many downstream industries are furthering the industry’s development.
Key Players:
- Nutrien Limited
- The Mosaic Company
- Intrepid Potash Inc
- Arab Potash Company
- EuroChem Group AG
- Thermo Fisher Scientific Inc.
News & Recent Development
- 18 January 2023- Prices of fertilizer reached new peaks in 2022, stressing farmers and food distribution. The prices of phosphate and potash reached record highs due to factors like the toll of war, increasing gas prices, Chinese export problems and increased prices of crops.
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