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China BlueChemical Reveals Board Structure and Committees
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.
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.
CSI Commodity Equity Index: In October, the commodity price index rose to 113.4, a 3% increase from the previous month.
China Logistics and Purchasing Federation released the csi commodity equity index for October at 113.4, with a monthly increase of 3%, indicating improvements in market supply and demand and accelerated corporate production activities. Specifically, the price index rose mainly due to general increases in the price indices of black metals, nonferrous metals, minerals, chemicals, and energy and other major industries, indicating that current market demand is gradually recovering and economic vitality is being enhanced.
China BlueChemical Appoints Chairman, New Auditor
China Bluechem: Resignation of Ernst & Young Hua Ming LLP and Ernst & Young Tai 豪 Certified Public Accountants LLP as the auditor.
China Bluechem (03983) announced that on October 21, 2024, the company received a resignation letter from RSM Hong Kong and RSM Hong Kong Da Hua Certified Public Accountants (collectively referred to as RSM) regarding their resignation as the company's auditors both domestically and overseas, effective from October 21, 2024, due to the company's inability to reach a consensus with RSM on the audit fees for the fiscal year 2024.