17 December 2009 15:51 [Source: ICIS news]
LONDON (ICIS news)--Belarusian Potash Company (BPC) has sold potassium chloride (MOP) at $85/tonne (€59/tonne) lower than its previous target level to protect its Brazilian market share, a company source said on Thursday.
BPC reported two 30,000 tonne granular MOP sales at $400/tonne CFR (cost and freight) to a combination of Brazilian buyers for December shipment.
BPC had previously been offering product for December at $485/tonne CFR but said some of its competitors were completing sales at lower prices.
Therefore, to "protect market share" BPC completed the sales at $400/tonne CFR.
These latest sales illustrate the continued pressure on global potash prices, a result of weak demand.
BPC exports potash on behalf of Russian supplier Uralkali and Belarusian producer Belaruskali.
($1 = €0.69)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|