TSXV:AAA.P - Post by User
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Fertimanon Feb 25, 2014 9:14pm
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potash market summary - increased demand
potash market summary - increased demandhttps://wallstcheatsheet.com/business/potash-industry-is-still-searching-for-silver-lining.html/?a=viewall Following China, India is also likely to sign contract soon, with most analysts expecting a settlement in the range of $320-$325 per ton (Indian contract is usually signed at a premium to Chinese contract). North America producer potash shipments increased 45 percent year over year and 31 percent month over month to 1.6 million tons in January. Domestic sales increased by 76 percent year over year to 833,000 tons while export sales rose by 22 percent to 803,000 tons, corroborating recent industry and company commentary during fourth-quarter 2013 results. January shipments represent the highest level of monthly sales post BPC breakup. The recent Chinese import contract should also improve price transparency and bring back some deferred second-half 2013 demand, notably in Southeast Asia, driving improved demand and export figures for North American producers in coming months.