RE:RE:RE:Re:From Potash corp first quarter. $250 per ton. WT
Jan 24 (Reuters) - Canpotex Ltd, the offshore selling arm for three North American potash companies, said on Friday it has signed an agreement to supply the crop nutrient to Sinochem Fertilizer Macao Commercial Offshore Ltd (Sinofert), a subsidiary of China's Sinofert Holdings Ltd. Canpotex, which is owned by Potash Corp of Saskatchewan , Mosaic Co and Agrium Inc, said it would supply Sinofert with 700,000 metric tonnes during the first half of 2014. Canpotex, while not revealing the deal value, said it "is priced at current and competitive market levels." Chief Executive Steven Dechka, said in a statement that the deal demonstrates the continued importance Canpotex places on the Chinese market. Russian rival Uralkali OAO agreed on Jan. 20 to a six-month deal to sell Chinese buyers 700,000 tonnes of potash at $305 per tonne. The Chinese contracts traditionally set a global price floor for potash. You are correct Magritte, however, I assumed from the release above that it would have been similar to the Uralikali deal announced previously. This unwillingness to give the number is exactly what I am talking about. Something is just not adding up to me. Price for quarter should have averaged higher. To much smoke and mirrors to make an intelligent decision and is very annoying. Market tough enough without this confusion. Just my opinion.