Silvinit to up potash shipments to Russian fertilizer producers more than 5%
MOSCOW. Jan 12 (Interfax) - Potash miner Silvinit could increase potassium chloride shipments to Russian compound fertilizer producers 5.4% this year.
The company told Interfax that it would ship 803,000 tonnes, compared with last year's 762,000 tonnes.
Silvinit said it had contracts to ship potash to EuroChem and PhosAgro, Meleuz Mineral Fertilizers and Rossosh Mineral Fertilizers. It did not name the contract price.
UralKali , another major potash miner, told Interfax that it was still supplying potassium under short-term contracts and that "talks on longer-term contracts are on-going."
PhosAgro and EuroChem have always bought potassium chloride from UralKali, and Silvinit's main consumers have tended to be plants run by UralChem, Acron and the Rossosh plant. But the market shifted somewhat in 2009: UralKali signed deals lasting until the end of 2009 with UralChem and Rossosh Mineral Fertilizers in the summer, and EuroChem started to buy the bulk of its potash from Silvinit, signing a four-year contract.