Uralkali says potash prices will rebound in 2014

|About: Uralkali Jsc 144 A (URALL)|By:, SA News Editor

Global potash prices will stay above $300/metric ton but likely will fall further this year, bottoming out in early 2014 when supply contracts for top global consumer China are set, and rebounding thereafter, according to Uralkali's (URALL.PK) head of sales.

He gives no current average price, but says the domestic price in China of ~$330/metric ton delivered at the border was a "guideline" for the company's rail supplies.

Recent reports have said a large stake in Uralkali could be sold to one of several local bidders, but sources tell Reuters that no buyers are close to a deal now.

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