WESTERN POTASH CORP T.WPX

China acquires 12.5% Uralkali stake....read on very imp msg

[lotusprince]

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 WPX when Canpotex has excessive potash inventories and no buyers/markets ?