Uralkali confirms new supply contract with China
Uralkali has confirmed its subsidiary Uralkali Trading SA has concluded a new supply contract with China’s buying consortium including Sinochem, CNAMPGC, and CNOOC, for seaborne potash deliveries to China between August 2016 and January 2017. The company said the contract delivery price for potash fertilizer has been set at ‘as per the market level.’ Uralkali’s volumes under the contract will total 600,000 mt of KCl, not including optional deliveries. Last year, the contract was struck in April for 850,000 mt, not including optional quantities, for delivery between April through December 2015.
Sources report that Uralkali already has concluded a new supply contract with Indian Potash Ltd. (IPL) and possibly its other Indian customers, but no official announcement has been made by the supplier. However, Indian Department of Fertilizers data show Russian potash have continued to be shipped to India, including through July. Last year, Uralkali contracted to supply 800,000 mt to IPL, not including optional volumes, for delivery May 2015 through March 2016. It also was understood to have agreed supply to contracts with Zuari Agro Chemicals Ltd. and Shriram Fertilisers and Chemicals Ltd. for 285,000 mt, including optional volumes, and 60,000 mt, respectively.