Energy Insider: China Releases Potash Reserves to Stabilize Fertilizer Market
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In today’s Caixin energy news wrap: Power plants see easing pressure of tight coal inventories as regulators pledge to intervene against irrational price rises; gas suppliers feel the pinch of rising costs; regulators call for more electricity from clean energy sources.
China releases potash fertilizer from strategic reserves
The National Development and Reform Commission (NDRC) announced plans to auction potash fertilizer from state reserves to meet demand for spring ploughing next year. According to NDRC spokesman Meng Wei, potash prices nearly hit decade highs this year reflecting high demand and rising production costs. The opening of the reserves is intended to expand supply and encourage production, stabilizing fertilizer prices.
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