Minmetals Securities released a research report saying that since 2025, domestic potash prices have continued to rise, increasing after the Spring Festival. According to data from Wind and Salt Lake Yunsheng, as of March 7, the spot price of domestic potash fertilizer had risen from 2,565 yuan/ton to 3,310 yuan/ton, an increase of 29%. The price of imported potassium chloride from Laos rose from 2,430 yuan/ton to 3,150 yuan/ton at the end of last year, an increase of 29.6%. Minmetals Securities believes that potash fertilizer is expected to usher in a new cycle of increase, and prices are expected to rise amidst fluctuations. In the short term, domestic demand for potash fertilizer is strong during the spring farming phase. Low domestic stocks compounded production cuts by Russian and Belarusian potash giants. Global potash prices bottomed out and rebounded moderately, and demand recovered moderately, showing an inflection point in the medium term. In the long run, the global potash market maintains an oligopoly pattern. As costs rise, the potash price center or gradually rises, China's potash insurance and supply situation is still serious. With its resource endowments and transportation distance advantages, Laos is expected to become a new stable supply source of domestic potash fertilizer.

Minmetals Securities released a research report saying that since 2025, domestic potash prices have continued to rise, increasing after the Spring Festival. According to data from Wind and Salt Lake Yunsheng, as of March 7, the spot price of domestic potash fertilizer had risen from 2,565 yuan/ton to 3,310 yuan/ton, an increase of 29%. The price of imported potassium chloride from Laos rose from 2,430 yuan/ton to 3,150 yuan/ton at the end of last year, an increase of 29.6%. Minmetals Securities believes that potash fertilizer is expected to usher in a new cycle of increase, and prices are expected to rise amidst fluctuations. In the short term, domestic demand for potash fertilizer is strong during the spring farming phase. Low domestic stocks compounded production cuts by Russian and Belarusian potash giants. Global potash prices bottomed out and rebounded moderately, and demand recovered moderately, showing an inflection point in the medium term. In the long run, the global potash market maintains an oligopoly pattern. As costs rise, the potash price center or gradually rises, China's potash insurance and supply situation is still serious. With its resource endowments and transportation distance advantages, Laos is expected to become a new stable supply source of domestic potash fertilizer.