NetEase Finance News January 27 Salt Lake Potash announced today that its subsidiary development of Qinghai Salt Lake Potash Co., Ltd. will create 100 million tons capacity unit, with a total investment of about 25 billion construction period is about 18 months. The Department of the two companies merged with Salt Lake has been approved by the SFC, the above matters have been Salt Lake Potash and Salt Lake Group through their respective board of directors.
owned subsidiary of Salt Lake Salt Lake Potash holds a 50.91% stake Development, Salt Lake Group holds a 49.09% stake. Salt Lake registered capital of 1.1 billion development, currently available devices put into operation in 2004, is the higher degree of automation 100 million potassium chloride production plant. The total new investment of about 25 billion yuan, construction period is about 18 months. Sources of project funds raised for the project company and bank loans. After completion of the project, Salt Lake Potash and Salt Lake Group (referred to as Domestic demand accounted for about 30% potash.
1 12 January, Sinochem, middle peasants and the Russian potash producer BPC imports of potassium chloride in 2011 signed a contract total amount of 100 million tons, rose by 50 U.S. dollars / ton, CIF (CFR ) 400 U.S. dollars / ton, and the pricing mechanism from the previous year instead of once every six months, price negotiation closer to the market. 6.5 calculated in accordance with the exchange rate, K is equivalent to CIF 2600 yuan / ton, plus packaging, short fall, labor, warehousing and other expenses, the cost should be 2700 yuan / ton, plus circulation costs 150-200 yuan needed, and 6% of the funds used and a reasonable profit rates, market prices should stabilize at 3,100 yuan / ton.
Salt Lake Potash prices have been taken to follow the strategy of import prices per ton less than 100 yuan, that is 3,000 yuan / ton. Analysis of the financial statements, Salt Lake Potash profit per ton of potash in 1500 yuan. The new 100 million tons potash fertilizer production plant, according to static analysis (without regard to inflation), can be increased profits of 1.5 billion. The
by this news, Salt Lake Potash and Salt Lake Group were sharply higher open today, Salt Lake Group, the biggest intraday gain in nearly 9%, Salt Lake Potash biggest gain more than 7%.
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Salt Lake planes substantial exclusion of 2.5 billion expansion of potash fertilizer production capacity
(This article Source: NetEase Finance)
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