Report
Seth Goldstein
EUR 100.00 For Business Accounts Only

Raising Our Near-Term Potash Price Forecast On Reduced Supply Amid Continued Demand Growth

With most potash producers having reported second-quarter earnings, we've updated our near-term potash price forecast. We are increasing our 2019 price forecast to $300 per metric ton from $270 as we see new supply from K+S and EuroChem taking longer to ramp up than we had previously expected. Further, we see lower potash production from K+S' German potash mines also supporting higher prices in 2019, as the company is facing geological issues at its older mines. Our long-term price forecast of $...
Underlying
Compass Minerals International Inc.

Compass Minerals International is a holding company. Through its wholly owned subsidiaries, the company is a provider of minerals, including salt, secondary nutrients and micronutrients, and specialty chemicals. The company has three reportable segments: Salt, which produces, markets and sells salt and magnesium chloride and sodium chloride; Plant Nutrition North America, which includes sales of sulfate of potash specialty fertilizer and specialty plant nutrients; and Plant Nutrition South America, which manufactures, distributes and markets an array of specialty plant nutrients and supplements developed and formulated from primary and secondary nutrients, specialty plant nutrients and biostimulants.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Seth Goldstein

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