CRU: China's Potash and Phosphate Industries Face an Early Mid-life Crisis
All three nutrients, nitrogen, phosphate and potash have witnessed major capacity expansions since the commodities boom in 2008.
- All three nutrients, nitrogen, phosphate and potash have witnessed major capacity expansions since the commodities boom in 2008.
- The country is now the marginal producer in the phosphate and nitrogen markets, while growing domestic potassium production has disrupted trade flows.
- Little more than a decade later the country had transformed itself into the world's largest phosphate fertilizer producer and had also become a major potash producer.
- This not only ensured self-sufficiency in phosphate fertilizer production, but it also facilitated rapid growth of the country's export capability.