According to Credit Suisse Potassium Chloride price presents "significant downside risk"

Potash prices face "significant downside risk," said Credit Suisse, warning about the prospect of further growth in stocks-after a record quarter for the American production of the nutrient.
The Bank said that although the consumption of Potassium Chloride has been healthy so far this year, seems to have little room for surprise "in terms of additional growth.
On the other hand, on the side of production, there was the prospect of construction of new sources in the second half of this year and in 2018.
The extra capacity available includes the mine Bethune of US $4.1 billion in Canada, owned by K + S, based in Germany. And two projects developed by EuroChem, owned by Russian Tycoon Andrey Melnichenko.
With inventories already "fully replenished", the Bank recorded a high risk of falling for potash prices, "particularly now, at a time when many investors have" high expectations "of values.
"We continue to view the risks of prices for the second half of 2017 and 2018, as the demand decreases in poor farmers ' economy, exchange rate volatility and the recovery stocks".
Clock-out
The comments follow the data of PotashCorp, the Canadian potash giant that merges with the rival Agrium, showing that stocks of potassium of us producers reached 3.4 million tons to June, a year and up to 29% in 2017.
The production of potash in North America reached 1,950,000 tons in June, taking the total for the period from April to June for 5,690,000 tons-as much as observed in any quarter.
The production increased by 25% over the period from April to June 2016.
The demand, while that in the quarter had increased 7.2% compared to the previous year, with a rise in exports offset in part by weaker sales in North America itself.
Prices increase
Prices have remained despite the increasing supplies, getting $ $255 a tonne in the Midwest of the United States, a gain of 2.0 percent in the week and 4.1% over the last month, according to Canada's broker Raymond James.
He attributed the resilience of prices at "any price relief the new plant of Saskatchewan K + S will not be performed in time to affect the fall offerings".
Retailers "have returned to the market mainly for small purchases to avoid the transition".