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Price of Potash Import for 2015 Has Decided

Date:2015-03-27 Source:Sinochem Group

On March 19, 2015, as a leading member of a consortium of Chinese companies conducting negotiations with a group of foreign suppliers, Sinochem Group reached agreement with the Belarusian Potash Company (BPC), a supplier representative of that group, on a contract for the potash import in 2015. The contract entered into this time remains unchanged compared with the one signed for the previous year, except that the cost and freight (CFR) price will be $315 per ton in 2015, $10 higher than the contract price of 2014.

At present, this price is lower than any price offered around the world, thereby giving China a price advantage in the field of potash imports and exports.