WESTERN POTASH CORP T.WPX

ICL 700k mt $219 Selling to China

[thairat]

ICL, owned by billionaire Idan Ofer, will sell 700,000 metric tons this year at prices “in line” with recent transactions in China, according to a Tel Aviv Stock Exchange filing Tuesday. Belarusian Potash Co. agreed two weeks ago to sell potash at $219 per metric ton, the first contract China signed this year.

“It’s a sign of relief,” said Gilad Alper, a senior analyst at Excellence Nessuah Brokerage Ltd. in Petach Tikva. “It puts a floor on prices, which at one point looked like they could have been a lot worse. There were whispers that prices could have fallen below $200, which would have been a disaster for the industry.” Alper has a neutral rating on ICL’s stock. The string of contracts with Chinese customers could ease the global glut of unsold potash that has sparked a prolonged slump for mining companies.

https://prosperitysaskatchewan.ca/2016/07/27/icl-inks-potash-deal-with-china-in-sign-market-is-stabilizing/

Western Potash wird Weltklasse mit Rentierschlittenparty | wallstreet-online.de - Vollstndige Diskussion unter:
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