• Eng

Uralkali Announcement

16.11.2018
Uralkali Statement

Uralkali (the Company; Moscow Exchange: URKA), one of the worlds largest potash producers, would like to make the following announcement:

Alexander Terletsky, Uralkali Tradings CEO, commented:

Given the current robust global trends in potash prices, as well increased annual demand of up to 10% of sales in Russia, Uralkali believes that a price below 300 USD/t is fundamentally unreasonable for the Asian markets including China and India.

Our belief is further confirmed by current Asian tender levels and spot sales as well as actual prices in Brazil, which already achieved 350-360 USD/t according to independent information agencies.

In this market, the Company will adhere to its adopted strategy of matching production with price and demand, seeking neither to overproduce nor to sell at unreasonably lower prices than the market indicates.

Our sales in H1 2018 were 5,9 mln tons. We expect that we may continue to adjust our production plans for the foreseeable future in light of these market dynamics.

Uralkali (www.uralkali.com) is one of the worlds largest potash producers and exporters. The Companys assets consist of 5 mines and 7 ore-treatment mills situated in the towns of Berezniki and Solikamsk (Perm Territory, Russia). Uralkali employs ca.11,000 people (in the main production unit). Uralkalis shares are traded on the Moscow Exchange.

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