Nutrien Ltd (NTR) CEO Charles Magro on Q3 2020 Results - Earnings Call Transcript seekingalpha.com/article/...-results-earnings-call-transcript @And123 Das klingt vielversprechend : niedrige Lagerbestände in China, keine Lieferungen nach dem Auslaufen des Vertrages durch Canpotex und höherer Kalipreis in China. "...Certainly, when we think about demand, demand is up about 2 million tonnes. That would be our guess today. So that has really been a nice event in the industry. And we think 2021, demand will continue to grow. We also think that globally inventories are where they should be at this time of year. And so what we think will happen is that you're going to see the potash market continue to grow. There is a little bit of more new supply that needs to come into the market, but the growth should easily absorb that.
And if you look at Nutrien's position, we said very clearly on the prepared remarks that Canpotex is not shipping product into China now that the contract has expired. We do believe that inland inventories are low in China and that they need the product. And potash domestic pricing in China is quite a bit higher than the contract pricing. So all this bodes well, I think, for a good contract negotiation as we enter 2021.
And overall, I think we're seeing demand not only in China, but in all the core markets for potash. So yes, we're feeling a little bit better about the potash market ..."
|