K+S surged equal-weight at Morgan Stanley
K + S was upgraded to equal-weight from underweight by Morgan Stanley, announcing the market now expects potash prices between $450 and $475 a ton. For full story, click here
K + S was upgraded to equal-weight from underweight by Morgan Stanley, announcing the market now expects potash prices between $450 and $475 a ton. For full story, click here
Fertiliser Industry Association of Malaysia chairman Zainal Matassan announced that fertiliser costs especially the price of potash in Malaysia could dip further in the next three to five months despite the stabilised international prices. Zainal Matassan reported : This is to ensure competitive and affordable pricing as well as sustainable supply of fertilisers to plantation [...]
Potash Inventory has been building up in the industry even though the producers have been shutting down mines. The chance that the Potash Corporation will meet its guidance for the year is remote. Analyst Amir Adar of Harel said: The year 2009 is lost and the focus now is on trying to prevent potash prices [...]
Saskatchewan’s economy is dwindling significantly from last year’s robust, nation-leading 3.4-per-cent growth to mild, but is still nation-leading, 0.9 per cent in 2009. This is because potash companies are laying off miners by the thousands and shutting down operations but the process is only temporarily and will last long as needed to prop up potash [...]
Shares in German potash supplier K+S declined 5.1 percent after news that Russian rival Uralkali will cut prices to Brazil by 25 percent from this month. For full story, click here
Spot potash prices remain unchanged in January and February 2009 at a record US$872.50 per tonne. For more information, click here
The company’s shares have crashed as potash prices have tumbled and investors await a ruling on whether it has to pay an up to US$3 billion bill to the government following formation of a vast sinkhole at one of its mines. For full story, click here
Though U.S. nominal prices of nitrogen, phosphate, and potash fertilizers, among others, began trending upward as early as 2002, they increased sharply and reached historic highs in mid-2008. For full story, click here
Potash Corp. of Saskatchewan shares have risen 18.7 percent this year. For full story, click here
Compass said he is modeling 15 percent lower sulfate of potash prices in 2009, and consequently has lowered 2009 profit estimate to $6.25 per share, from an earlier estimate of $7 per share. For full story, click here
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