In evidence that the market is staring to turn around, Potash Corp. of Saskatchewan, the world’s top potash producer, aggressively hiked its earnings forecast for the current quarter. Potash’s move sent a ripple affect through all North American Producers.
Since the beginning of the year, the potash market has been tracking a slow route to recovery, and this has some investors crying the blues.
With potash companies waiting with baited breath for a big 2010 rebound, China believes that potash prices will remain relatively stable this year.
Canpotex, the marketing conglomerate for North American Potash Producers signed a deal earlier this month to sell 600,000 tonnes of potash to India for $370 per tonne. That potash will last roughly through June, and for future contracts India will seek to lower prices due to a growing national deficit.
That potash will last roughly through [...]
After weathering a tumultuous 2009; potash producers are holding their breath in anticipation of a better 2010. Analysts are confident that producers will get what they desire; predicting demand for potash will bounce back this year as purchasers return to the market.
The recent drawdown in potash inventories supports the suspected rebound. North American potash inventories [...]
For the past few weeks I have finally been able to share good news about potash, and now, even more signs are pointing towards a revival in the market.
The deal is for 350,000 tonnes of potash, to be shipped before the end of March. Canpotex claims that the potash is being sold at “competitive prices” [...]
In anticipation that its 2010 potash sales will increase by 50 per cent, Russian based Belarusian Potash Co (BPC) has hiked the price it charges for the nutrient.
In anticipation that its 2010 potash sales will increase by 50 per cent, Russian based Belarusian Potash Co (BPC) has hiked the price it charges for the nutrient. [...]
Despite a bleak 2009, brokerage Credit Suisse released a note that is very bullish on the 2010 outlook for potash. During the last bull-run, high crop prices and limited potash supplies drove the price of the nutrient up to $1,000 USD per tonne, from $150.
Despite a bleak 2009, brokerage Credit Suisse released a note that [...]
Potash Investing News reports potash prices on the low side.
International Potash Co, the marketing arm of Russia’s biggest producer, OAO Silvinit, agreed last week to supply India with 850,000 tonnes, by March 10.
This benchmark low price is about 26 per cent below a previous low, and other major consumers including China will likely use it [...]
Potash Investing News reports production cutbacks for potash due to slow demand and high inventories.
Despite low demand, potash prices are anticipated to slowly increase over the coming months as energy markets rebound. ”The ag sector as a whole does seem to be a bit in recovery mode…I would expect fertilizer usage to rise a bit [...]
Wednesday, March 17, 2010
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