Uralkali has confirmed a new contract to supply potash to China for August-December 2017. While Uralkali has not confirmed the tonnage or the price, sources tell Green Markets the price is $230/mt CFR, up from the prior contract price of $219/mt CFR. The same price has also been told by sources close to the deal to Bloomberg and Interfax.
Uralkali subsidiary, Uralkali Trading has concluded the contract with China’s buying consortium, which includes Sinochem, CNAMPGC, and CNOOC. Uralkali said the deal was done “as per the market level.”