Uralkali announced on Jan. 20 that its wholly-owned subsidiary, Uralkali Trading, has reached an agreement for first-half 2014 potash deliveries to China with a buying consortium headed by CNAMPGC, one of the major Chinese agrochemical corporations. The contract is for 700,000 mt at $305/mt, and the contract period runs through June 30, 2014.
That level reflects a $95/mt drop from the first-half 2013 contract price of $400/mt reached between China and major potash producers in January 2013 (GM Jan. 7, Jan. 21, 2013).
“The contracts between Uralkali and the Chinese companies clearly testify to growing demand and the beginning of market recovery,” said Oleg Petrov, Uralkali director for sales and marketing. “The terms of the agreement with our Chinese partners are mutually beneficial and serve the interests of our consumers, agricultural producers of the PRC.”