Rumored Uralkali potash price increase pushes sector equities higher


Uralkali (URALL +9.7%) shares jump the most in four months on speculation that it may raise its prices for Brazil and China.

Uralkali is signaling that Brazilian buyers will have to pay $350-$360/ton on a cost-and-freight basis for granular potash for March volumes compared to the current $320/ton, J.P. Morgan analysts say.

Rumors also indicate Uralkali will sign its contract with China for the first half of the season soon at a possible price of $300/ton, which could set a price floor, according to Renaissance Capital.

Following up sharp gains yesterday, POT +3.4%, MOS +3.2%, AGU +1.4%, ISCHY +2.7%, SQM +6.8%, KPLUY +3.3%, IPI +3% today.

Comments (2)
  • ystock15
    , contributor
    Comments (165) | Send Message
     
    I have held potash stocks for half a year and noticed the crazy price swing just by a mere story, rumor, etc then it crashes again. It's time to take profits and get out, there can't be any better news than this for potash. it will plunge once again in coming weeks
    15 Jan 2014, 04:35 PM Reply Like
  • pfifla1
    , contributor
    Comments (593) | Send Message
     
    traded in and out of SQM twice in 3 months. first time 29% gain. bought back in and already up 11% again. let the rumors fly!
    15 Jan 2014, 10:11 PM Reply Like
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