Karnalyte Deal Shines Light On Potash Juniors
At the end of 2012, Canpotex and China's Sinofert Holdings (HKEX:0297) established a new potash supply deal, setting prices $70/ton lower than they were just nine months earlier, according to an article published in The Wall Street Journal. Despite lower potash prices set within China, the world's bellwether for potash contract pricing, the 1 million tonnes for delivery indicate stronger demand than analysts initially expected.
Securities Disclosure: I, James Wellstead, hold no direct investment interest in any company mentioned in this article.
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