Part 1  potash fertilizer

 Global potash shipments are expected to reach a record 69 million to 71 million tons in 2021, while inventories in major potash producing areas are expected to be historically low by 2022.This is due to strong potash consumption driven by favourable agricultural fundamentals.With global supply low and most potash producers already operating at full capacity, the possibility of a rise in potash inventories is not optimistic.</p><p> Latin America is set to record potash consumption and imports this year, according to analysts, as the region's consumption of potash last season is high and farmers are now aggressively buying to secure the fertilizer for next season.In North America, rising acreage and the continuation of normal, on-demand fertilisation by farmers have supported historically high demand for potash, which is expected to continue into the autumn.

 Part2  nitrogen fertilizer

Global nitrogen fertilizer demand is expected to grow by about 3% in 2021, driven by strong agricultural fundamentals and a rebound in industrial demand.In addition, due to various reasons, some nitrogenous fertilizer production interruption and project delay, making the global supply of nitrogenous fertilizer tight.This, combined with higher global energy prices, has contributed to high nitrogen prices.However, due to high domestic urea prices in China and very strong domestic market demand, the Chinese government has come to the table and urged domestic producers to prioritize domestic market supply, a move that will limit China's urea exports in the second half of 2021.At the same time, demand for urea in India remains strong, while domestic production is low and inventories are tight, leading to regular tenders for urea.

 Part 3  phosphate fertilizer

High demand for phosphate fertilizer in most of the world's major phosphate consumer markets, coupled with rising raw material costs and limited export supplies, continued to strengthen phosphate fertilizer prices.Turning to the Indian market, an unfriendly import environment creates uncertainty for Indian import demand in the second half of 2021, despite tight local phosphate fertilizer stocks