Potash

Gutseriev to crowd potash producers on Chinese market

Belarusian company Slavkaly of Russian businessman Mikhail Gutseriev has received the first funding from the China Development Bank for the construction of a potash mining and processing complex (G

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Eurochem wants to create a potash production worth 72 billion roubles near Perm in 2018.

In 2018 Mineral and Chemical Company (MCC) "EuroChem" planned to create potash production in the Perm region, the cost of the organization of which is estimated at 72 billion roubles, the

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Russia exports 12.6 mln tons of fertilizers in Jan-May 2016

An export of basic types of mineral fertilizers from Russia made up 12.65 million tons ($3 bln.) in January-May 2016, Federal Customs Service reports.

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Main consumers reduce purchase of fertilizers

This year may be the most difficult in the decade for potash producers because of the scale demand reduction. One of the world's largest consumers of fertilizers - India - stopped the purchase of potassium on old contracts and postponed the signing of new ones. Because of the drought the country predicts decline in consumption by at least 22% to 3.5 million tons. China and Brazil will also buy less. The potash prices on some markets have reached a multi-year low of $200 per ton.
India, the second-largest importer of potassium in the world, has delayed the start of negotiations on its purchase for 2016 from the end of March, when the contracts with major suppliers expire, at least until June. This is reported by the Reuters, which referring to the country’s Government. The main reason is the drought, which affected the sowing, managing director of the largest local importer Indian Potash Ltd Parvindar Singh Galot explained. Because of this, agricultural crops sowing was reduced - rice, canola, corn, and India for the first time may become importer of these products.

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In 2015, indices of chemical production in Russia grew by 6.3%

In 2015, the production of basic chemicals in Russia increased by 6.3%. The production of all basic chemical products grew, and the largest increase in the output fell on ethylene, the Russian Statistics Service reports.

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