BPC Exchanges Opinions on 2017 Prospects with Chinese Buyers
From February 23 to February 25, 2017 the leadership of JSC Belarusian Potash Company met the leadership of CNAMPGC, Sinochem, and CNOOC in Beijing. In the course of the meetings, the parties expressed satisfaction with the results of cooperation in 2016, and exchanged opinions on the current situation in the Chinese market. The parties emphasized apparent positive trends in the global fertilizer market, with demand gaining momentum in all the regions, which provided a positive impact on prices.
Both the Chinese importers and BPC expressed their hopes for the prompt start of the 2017 contract talks with a settlement to follow soon, which would enable to thoroughly schedule and balance shipments to PRC.
It was agreed that the parties should strengthen cooperation in order to take a weighted and mutually accepted decision on potash pricing for shipments to PRC in 2017, which would definitely support further rebound of the global potash market and become a new step in its development.