Well well here we go again some genius is out with a prediction that potash will recover in 2010 in today's Leader-Post financial. Stop the presses. HA HA HA. But wait.
China Poised To Win Cut-Price Potash Deal
China is poised to sign the first of a series of long-awaited potash import contracts at a little over half the price of its last deals, heralding potentially a drop in potash markets worldwide, says a story from agrimoney.com.
It says China, the world's biggest potash consumer, will during the next two days sign an import deal for 1 million tonnes of potash with Belarusian Potash Company priced at $350/t including freight, according to trade reports. In its last deal, in July 2008, China paid $575/t for potash excluding freight.
The deal with the Uralkali-backed trading company is expected to spawn copycat contracts for about 4 million tonnes with other producers, notably in North America, at a similar price, which is considerably below potash group's hopes earlier in the year. The price in this week's deal is equivalent to about $305/t from Canada, excluding freight, the more typical pricing measure, and $290/t from Russia, analysts said.
"These prices are at least $50/t below current market, and probably $100/t below where a deal could have been done six months ago," analysts at Sterne Agee, the US broker, said.
Now every one knows I love MR Potash. But man haven't you learned that when Farmers your customers feel their getting screwed over on a micro Nutrient they will stop buying and guess what they did. Then throw in china with their cut throat way of doing business and bang your screwed the way we are getting on our Canola from them. Oh yea throw in Russia with a large deposit and hm they can live with oh lets say 200 plus a ton profit they sign with the largest buyer. Yea cost probably 100 mt ton to get it out and the rest is profit. Stock took a beating last week maybe the investors finally realize you can baffle them with BS for so long but sooner or later it starts to stick and then it gets messy. Merry Christmas Mr potash and all your greed.
China Poised To Win Cut-Price Potash Deal
China is poised to sign the first of a series of long-awaited potash import contracts at a little over half the price of its last deals, heralding potentially a drop in potash markets worldwide, says a story from agrimoney.com.
It says China, the world's biggest potash consumer, will during the next two days sign an import deal for 1 million tonnes of potash with Belarusian Potash Company priced at $350/t including freight, according to trade reports. In its last deal, in July 2008, China paid $575/t for potash excluding freight.
The deal with the Uralkali-backed trading company is expected to spawn copycat contracts for about 4 million tonnes with other producers, notably in North America, at a similar price, which is considerably below potash group's hopes earlier in the year. The price in this week's deal is equivalent to about $305/t from Canada, excluding freight, the more typical pricing measure, and $290/t from Russia, analysts said.
"These prices are at least $50/t below current market, and probably $100/t below where a deal could have been done six months ago," analysts at Sterne Agee, the US broker, said.
Now every one knows I love MR Potash. But man haven't you learned that when Farmers your customers feel their getting screwed over on a micro Nutrient they will stop buying and guess what they did. Then throw in china with their cut throat way of doing business and bang your screwed the way we are getting on our Canola from them. Oh yea throw in Russia with a large deposit and hm they can live with oh lets say 200 plus a ton profit they sign with the largest buyer. Yea cost probably 100 mt ton to get it out and the rest is profit. Stock took a beating last week maybe the investors finally realize you can baffle them with BS for so long but sooner or later it starts to stick and then it gets messy. Merry Christmas Mr potash and all your greed.
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