Depending on world potash prices Belarusian potash producer could add capacity

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September 11, 2017 0:02

Belaruskali plans to increase its production capacity for potash fertilizers to 15.9 million tons by 2025. At the moment, its production capacity is 12.9 million tons. Production volumes would depend on concluded contracts, so as warehouse stocks are minimal. In H2 2017, potash production is likely to decrease, entailing a decrease in the growth rates of the chemical industry. Lowered export duties on potash fertilizers unlikely to boost the company’s profits and enhance investment due to higher transportation costs. Due to low demand for potash from customers, potash prices are unlikely to grow at a faster pace. In addition, new players are expected to enter the potash market. Taking into account the planned construction of a potash plant by Slavkali and enhanced competition on the fertilizer market, Belaruskali production plans are likely to be adjusted downward to ensure higher prices on foreign markets.

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Image: "Новы Час"

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