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Citic sec: Global demand remains strong, and the leading potash fertilizer producer's production cut may raise prices.
Citic sec predicts that the supply and demand for global potassium fertilizer will be tight in 2025, and potassium fertilizer prices are expected to rebound from the bottom.
Sunshine paper's subsidiary granted a entrusted loan of 50 million yuan to Qicheng Wisdom.
Sunshine paper (02002) announced that on November 21, 2024, its subsidiary Sunshine (as the entruster and lender) entered into an entrusted loan agreement with the lending banks (as the entrusted party) and Qicheng Wisdom (as the borrower). Under the entrusted loan agreement, the principal amount of RMB 50 million will be allocated from the group's internal resources, with an interest rate of one-year LPR plus 440 basis points. The loan will be used by Qicheng Wisdom for general working capital.
Sinolink: Potash fertilizer supply is expected to be jointly controlled, and resource prices are expected to provide support.
Only 11 companies have a potassium chloride production capacity exceeding 2 million tons, mainly concentrated in Canada nutrien, Belarus Belaruskali, Russia Uralkali, and the usa Mosaic, with a combined production capacity accounting for 67.26% of the industry, high industry concentration.
CICC: Global potassium fertilizer production capacity is limited, bullish on the industry's outlook.
In 2024, the contract price for imported potash fertilizer is CFR $273 per ton, and the corresponding domestic market price including taxes is estimated to be around 2,300 yuan per ton. Considering the support role of the contract price of potash fertilizer and the subsequent gradual entry into the peak season for fertilizer use, I am bullish on the maintenance of a prosperous domestic potash fertilizer price.
Sunshine (00509): Sheng Hong resigns as independent non-executive director.
Sunshine (00509) has announced that Sheng Hong has resigned from his position as an independent non-executive director, member of the audit committee, remuneration...
Century Sunshine Group H1 Loss Shrinks; Stocks Fall 15%
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