K+S AG : Long-awaited new Indian potash contract settled at $ 422/t cfr, in-line, expect revitalisation of potash market, implies 10% upside to Brazil
>India settles potash contract at $ 422/t cfr (ODDO BHF $430/t) with Canpotex/Uralkali - Canpotex has agreed to a potash supply contract with Indian Potash Limited (IPL) for potash shipments through to 30 September 2023, at a price of $ 422/mt (cfr) for standard MOP, largely in line with our expectation of $ 430/t and down from $ 590/t in the previous contract settled in February 2022 valid throughout 2022. We estimate K+S to ship 4% of its MOP sales of 4.7mt to India...K+S is engaged in the chemical sector. Co. has three business segments. The Potash and Magnesium Products segment combines the production and marketing of potash fertilizers and fertilizer specialities as well as potash and magnesium compounds for technical, industrial and pharmaceutical applications. The Salt segment encompasses the production and marketing of food grade salt, industrial salt and salt for chemical use, de-icing salt and sodium chloride brine. The Complementary Activities segment bundles together recycling activities and waste disposal or reutilisation in potash and rock salt mines as well as catsan® granulation.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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