TSXV:EPO.H - Post by User
Post by
lotusprinceon Sep 24, 2013 8:56pm
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Post# 21764908
China acquired 12.5% stakes in Uralkali....read on....
China acquired 12.5% stakes in Uralkali....read on....News snippnet -
- Potash stocks are lower after China acquired 12.5% stakes in Russian potash producer Uralkali, a deal that could put new pressure on prices and reduce the chances of the Russia-Belarus cartel being revived.
- The deal could strengthen China in negotiations with other producers; China imports ~6M metric tons/year of potash, more than 10% of global demand, and the Chinese potash price is considered the global benchmark.
- The deal also could give Uralkali an upper hand in selling potash in the Chinese market ahead of Canpotex, the North American potash cartel owned by Potash
Where would this leave EPO when Canpotex has excessive potash inventories and no buyers/markets ?