节点：下游（终端消费/应用）位置：下游情绪：利空参考度：4/10
美国解除对白俄罗斯钾肥的制裁决定未显著影响全球钾肥市场及主要生产商，供应渠道受阻态势或持续。特朗普政府周末同意解除限制，此前钾肥是白俄重要收入来源，但全球钾肥生产商股价反应平淡，显示此举难带来额外供应激增。
白俄出口仍面临多重障碍，欧盟制裁依然有效，该国无自有海港，需继续依赖俄罗斯波罗的海港口及铁路对华出口。白俄钾盐公司、俄罗斯乌拉尔钾肥公司、北美纽特尼恩公司和莫塞克公司为全球四大钾盐供应商。此次制裁解除源于特朗普白俄特别代表与卢卡申科会谈，后者释放123名政..
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