Belarus Potash sign MOP delivery contracts in China

Belarus Potash sign MOP delivery contracts in China

1:44 PM, 12th July 2011
Belarus Potash sign MOP delivery contracts in China

MINSK, BELARUS: JSC Belarusian Potash Company  has signed a contract with the largest Chinese importers of mineral fertilizers, Sinochem and CNAMPGC, on MOP deliveries in 2H 2011. The contract period is from July 1 to December 31, 2011.

The major contract parameters are – price for metric tonne at $470 (on a CFR basis). The supply volume will be 500 000 tonne firm and 200 000 tonne of mutual optional quantities.

“Integration processes, increase in demand for potash fertilizers leading to higher potash prices are the factors indicative of the growth on the world potash market. We firmly believe that this trend will persist within the next few years. The sequent contract with the Chinese importers will become a new price benchmark that will sure to make an impact on both spot prices and patterns of new long term contracts,” said Vladimir Nikolaenko, CEO, BPC.

(C) WOC News

 

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