-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
-
Cosmetic Ingredient
- Water Treatment Chemical
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
Recently, Potash Corp.
of Canada (PotashCorp) announced the fourth quarter and full-year financial report of 2015.
The company’s fourth-quarter revenue was US$201 million and gross profit was US$386 million, which were lower than US$407 million and US$746 million in the same period in 2014.
Quarterly earnings per share of US$0.
24; 2015 full-year profit of US$2.
3 billion, lower than 2014 full-year US$2.
6 billion.
According to analysis, the downturn in the globalization and hypertrophy market in 2015 led to a decline in the company's overall profitability.
? Similarly, the company's returns on overseas investment projects are not optimistic.
Overseas investment projects in the fourth quarter included Arab Potash Corporation (APC), Israel Chemical Company (ICL), and Chilean Mining and Chemical Company (SQM).
The income of these investments contributed US$27 million, which was lower than the return of US$31 million in the same period in 2014.
In addition to the dividends of China's Sinofert Holding Co.
, Ltd.
, the annual income of the overseas investment project for Sapotash Company is 162 million US dollars.
As of January 27, 2016, the market value of investment in these projects was approximately US$3.
5 billion.
Jochen Tilk, President and Chief Executive Officer of Potash Corporation, said: "The main reason for the decline in the company's earnings in the fourth quarter was the low price of fertilizers, which will also lead to a more severe market situation at the beginning of 2016.
" In the downturn, a series of measures have been taken to adjust production capacity.
These include the permanent closure of the 800,000-ton potash plant in New Brunswick, and the indefinite delay of the Piccadilly Potash Mine, which was originally scheduled to start in January 2016.
Jiaka explained that closing some factories and delaying the operation of potash mines with higher production costs are conducive to comprehensive protection of the interests of shareholders and employees.
? Potash fertilizer market fluctuated down? The global potash fertilizer price slump in 2015 and the decline in sales volume brought huge challenges to many companies, especially when prices bottomed out in the second half of the year, resulting in a significant decline in the profitability of potash fertilizer business in 2015.
In the fourth quarter of 2015, the company's potash fertilizer business gross profit was US$183 million, reaching US$1.
3 billion for the whole year; the same period in 2014 was 4.
US$4.
5 billion and US$1.
4 billion.
The sales volume of potash fertilizer in the fourth quarter fell 31% year-on-year, and the sales volume of potash fertilizer for the whole year fell 6% year-on-year.
Mainly because the demand for potash fertilizer in North America has fallen sharply since 2014 and the market competition has intensified.
In the fourth quarter, Jiaka’s sales to China accounted for 40% of its total sales, and sales in Asian markets other than China and India accounted for 30%, and Latin America and India accounted for 18% and 4%, respectively.
The average international potash fertilizer price in the fourth quarter was US$238/ton, which was much lower than US$284/ton in the same period in 2014.
The company closed the New Brunswick potash plant in the fourth quarter to reduce potash output, resulting in the cost of potash fertilizer sales in the fourth quarter rising to US$132/ton, an increase of 26% over the same period of the previous year.
? Nitrogen fertilizer prices fell sharply? In the fourth quarter, the company's nitrogen fertilizer business gross profit was US$142 million, a decrease of 39% from the same period in 2014.
The gross profit for the whole year of 2015 was US$706 million, a year-on-year decrease of 30%.
Sales volume in the fourth quarter was 1.
6 million tons, basically the same as the same period last year.
Due to weak market demand, the annual sales volume in 2015 was 5.
9 million tons, a decrease of 7% from last year.
The average price of nitrogen fertilizer in the fourth quarter was US$288/ton, a sharp drop from US$405/ton in the same period last year, and the nitrogen fertilizer market suffered a heavy blow.
The cost of nitrogen fertilizer sales in the fourth quarter was US$199/ton, a decrease of 21% from the same period in 2014, mainly due to the reduction in natural gas production costs in the United States and Trinidad.
? Phosphate fertilizer market is relatively stable? In the fourth quarter, the company's phosphate fertilizer business gross profit was US$61 million, slightly lower than the US$67 million in the same period last year.
The gross profit for the whole year of 2015 totaled 241 million U.
S.
dollars, higher than last year's 2.
US$0.
2 billion, which was mainly due to the increase in demand for liquid phosphate fertilizer, which boosted the sales price of phosphate fertilizer.
The sales volume of phosphate fertilizer in the fourth quarter was 800,000 tons, which was basically the same as the same period of the previous year; the annual sales volume was 2.
9 million tons, which was lower than the sales volume in 2014, mainly because the company closed its Suwannee River chemical plant in Florida.
The average price of phosphate fertilizer in the fourth quarter was US$522/ton, and the cost of goods sold was US$433/ton, basically the same as the previous year.
? Potash fertilizer market is expected to pick up in 2016? In 2015, the global potash fertilizer trade volume was 60 million tons.
Potassium addition is expected to remain at 59 million to 62 million tons in 2016.
In North America, affected by the continuous decline of potash fertilizer inventory and the increasing demand for potash fertilizer in the region, the potash fertilizer market is expected to gradually pick up and stabilize.
The company expects that the demand for potash in North America will increase in 2016, reaching 9.
2 million to 9.
7 million tons.
In Latin America, despite the impact of negative factors such as the decline in the local currency exchange rate and the adjustment of agricultural credit policies, the demand for potash in Latin America remains high.
The company predicts that the annual demand for potash in Latin America will reach 10.
8 million to 11.
3 million tons, which is higher than the 2015 level.
? In China, potash fertilizer imports amounted to 15 million tons in 2015.
However, with the continued high port inventory, it is estimated that the demand for potash fertilizer in 2016 will be between 13.
5 million and 14.
5 million tons.
? Due to the weak currency exchange rate of India and the unfavorable monsoon climate, the demand for potash fertilizer in 2015 is not optimistic.
However, a series of measures such as India's liberalization of price controls, adjustment of fertilizer subsidy policies, and suspension of sales are expected to make the market recover steadily.
It is estimated that the demand for potash fertilizer will increase in 2016, reaching 4.
2 million to 4.
7 million tons.
of Canada (PotashCorp) announced the fourth quarter and full-year financial report of 2015.
The company’s fourth-quarter revenue was US$201 million and gross profit was US$386 million, which were lower than US$407 million and US$746 million in the same period in 2014.
Quarterly earnings per share of US$0.
24; 2015 full-year profit of US$2.
3 billion, lower than 2014 full-year US$2.
6 billion.
According to analysis, the downturn in the globalization and hypertrophy market in 2015 led to a decline in the company's overall profitability.
? Similarly, the company's returns on overseas investment projects are not optimistic.
Overseas investment projects in the fourth quarter included Arab Potash Corporation (APC), Israel Chemical Company (ICL), and Chilean Mining and Chemical Company (SQM).
The income of these investments contributed US$27 million, which was lower than the return of US$31 million in the same period in 2014.
In addition to the dividends of China's Sinofert Holding Co.
, Ltd.
, the annual income of the overseas investment project for Sapotash Company is 162 million US dollars.
As of January 27, 2016, the market value of investment in these projects was approximately US$3.
5 billion.
Jochen Tilk, President and Chief Executive Officer of Potash Corporation, said: "The main reason for the decline in the company's earnings in the fourth quarter was the low price of fertilizers, which will also lead to a more severe market situation at the beginning of 2016.
" In the downturn, a series of measures have been taken to adjust production capacity.
These include the permanent closure of the 800,000-ton potash plant in New Brunswick, and the indefinite delay of the Piccadilly Potash Mine, which was originally scheduled to start in January 2016.
Jiaka explained that closing some factories and delaying the operation of potash mines with higher production costs are conducive to comprehensive protection of the interests of shareholders and employees.
? Potash fertilizer market fluctuated down? The global potash fertilizer price slump in 2015 and the decline in sales volume brought huge challenges to many companies, especially when prices bottomed out in the second half of the year, resulting in a significant decline in the profitability of potash fertilizer business in 2015.
In the fourth quarter of 2015, the company's potash fertilizer business gross profit was US$183 million, reaching US$1.
3 billion for the whole year; the same period in 2014 was 4.
US$4.
5 billion and US$1.
4 billion.
The sales volume of potash fertilizer in the fourth quarter fell 31% year-on-year, and the sales volume of potash fertilizer for the whole year fell 6% year-on-year.
Mainly because the demand for potash fertilizer in North America has fallen sharply since 2014 and the market competition has intensified.
In the fourth quarter, Jiaka’s sales to China accounted for 40% of its total sales, and sales in Asian markets other than China and India accounted for 30%, and Latin America and India accounted for 18% and 4%, respectively.
The average international potash fertilizer price in the fourth quarter was US$238/ton, which was much lower than US$284/ton in the same period in 2014.
The company closed the New Brunswick potash plant in the fourth quarter to reduce potash output, resulting in the cost of potash fertilizer sales in the fourth quarter rising to US$132/ton, an increase of 26% over the same period of the previous year.
? Nitrogen fertilizer prices fell sharply? In the fourth quarter, the company's nitrogen fertilizer business gross profit was US$142 million, a decrease of 39% from the same period in 2014.
The gross profit for the whole year of 2015 was US$706 million, a year-on-year decrease of 30%.
Sales volume in the fourth quarter was 1.
6 million tons, basically the same as the same period last year.
Due to weak market demand, the annual sales volume in 2015 was 5.
9 million tons, a decrease of 7% from last year.
The average price of nitrogen fertilizer in the fourth quarter was US$288/ton, a sharp drop from US$405/ton in the same period last year, and the nitrogen fertilizer market suffered a heavy blow.
The cost of nitrogen fertilizer sales in the fourth quarter was US$199/ton, a decrease of 21% from the same period in 2014, mainly due to the reduction in natural gas production costs in the United States and Trinidad.
? Phosphate fertilizer market is relatively stable? In the fourth quarter, the company's phosphate fertilizer business gross profit was US$61 million, slightly lower than the US$67 million in the same period last year.
The gross profit for the whole year of 2015 totaled 241 million U.
S.
dollars, higher than last year's 2.
US$0.
2 billion, which was mainly due to the increase in demand for liquid phosphate fertilizer, which boosted the sales price of phosphate fertilizer.
The sales volume of phosphate fertilizer in the fourth quarter was 800,000 tons, which was basically the same as the same period of the previous year; the annual sales volume was 2.
9 million tons, which was lower than the sales volume in 2014, mainly because the company closed its Suwannee River chemical plant in Florida.
The average price of phosphate fertilizer in the fourth quarter was US$522/ton, and the cost of goods sold was US$433/ton, basically the same as the previous year.
? Potash fertilizer market is expected to pick up in 2016? In 2015, the global potash fertilizer trade volume was 60 million tons.
Potassium addition is expected to remain at 59 million to 62 million tons in 2016.
In North America, affected by the continuous decline of potash fertilizer inventory and the increasing demand for potash fertilizer in the region, the potash fertilizer market is expected to gradually pick up and stabilize.
The company expects that the demand for potash in North America will increase in 2016, reaching 9.
2 million to 9.
7 million tons.
In Latin America, despite the impact of negative factors such as the decline in the local currency exchange rate and the adjustment of agricultural credit policies, the demand for potash in Latin America remains high.
The company predicts that the annual demand for potash in Latin America will reach 10.
8 million to 11.
3 million tons, which is higher than the 2015 level.
? In China, potash fertilizer imports amounted to 15 million tons in 2015.
However, with the continued high port inventory, it is estimated that the demand for potash fertilizer in 2016 will be between 13.
5 million and 14.
5 million tons.
? Due to the weak currency exchange rate of India and the unfavorable monsoon climate, the demand for potash fertilizer in 2015 is not optimistic.
However, a series of measures such as India's liberalization of price controls, adjustment of fertilizer subsidy policies, and suspension of sales are expected to make the market recover steadily.
It is estimated that the demand for potash fertilizer will increase in 2016, reaching 4.
2 million to 4.
7 million tons.
