Asia
In Asia, prices for SOP rose consistently throughout Q4'25. Demand from the agricultural sector, especially for fertilizer use, was high throughout the period. Domestic availability in major countries such as India and China was slightly impacted due to a slight reduction in production, while imports were lower compared to the previous year. Southeast Asian ports, including Indonesia and Malaysia, experienced active buying activity as the agricultural sector prepared for the upcoming crop season. Logistical issues from other countries contributed to the supply pressures, which helped sustain the rising prices. However, market participants maintained regular buying activity despite the prices, while inventories were closely monitored to ensure that there were no issues.
Europe
In Europe, prices for SOP remained relatively flat with a general upward trend in Q4’25. Supply was affected by minor disruptions due to domestic production limitations and a slower pace for imports from major exporting countries. Demand for agricultural products was stable as farmers and distributors adopted a cautious approach to purchasing due to high overall fertilizer costs. Although there was some indirect influence on manufacturers from energy costs and feedstock expenses, production was adequate to support regular consumption patterns. Trading activity was consistent, reflecting a balanced market with prices ranging within a tight band.
North America
In North America, SOP prices remained firm in most of Q4’25, although there were indications of weakness at the end of the quarter. The region was heavily reliant on imported material, particularly from Canada, while home production was limited. The recent changes to trade policy, including the elimination of tariffs on potash and other fertilizer types, boosted expectations of a rise in overall supply, which limited the upside in prices. Agricultural and distribution sector demand was robust, although high fertilizer prices did moderate activity to some extent.