China Potash: 1:1:1 imported from abroad

"When I was young, I was curious as to why a lot of fertilizer bags in the family were written in ' Russian ' and ' Israel '," he said.　　"Young Zhang Zhirong, who grew up in rural Zhejiang and now works for an economic publication in Shanghai, told reporters he had such doubts." In those days, "import" was synonymous with quality and scarcity.　　The young Zhang Zhirong puzzled is: why the family's only "import", is "crop a flower, all rely on manure" fertilizer? Later he realized that the kind of fertilizer that was produced by "So-and-so" was called potash fertilizer.　　Moreover, hundreds of millions of farmers have long had no choice but to rely on such "imports" in China, the country's potash-deficient agricultural powerhouse.　　What he has not learned is that these "imports" are being negotiated and distributed annually by a handful of enterprises, such as the middle-and medium-peasants. One side is huge market demand, one side is long-term import dependence.　　China's "Potash" map, depicting the twists and winding. The potash fertilizer used by the Zhang Zhirong father is imported through the Chinese group.　　April 1993, in the Chemical fertilizer import agent right to operate, the sole agent imported potash products Canada.　　According to reporters, Potash Corp. has been exporting potash to China through the Canadian Potash Sales Union--canpotex, while Canpotex is completing its export to China by signing a sales contract with the group.　　As a result, the company gained the most attention and association with BHP's takeover of Potash Corp news.　　The company, which has been established for nearly 60 years, distributes its main business in agriculture, energy, chemical, real estate, financial sector, is China's largest agricultural inputs (fertilizer, pesticide, seed) integration of enterprises, the fourth largest national oil companies, leading chemical products integrated service providers, and in high-end commercial real estate and Non-bank financial business areas have involved. It has more than 200 operating institutions inside and outside China, holding "medium-International" (600500.SH), "Medium Chemical Fertilizer" (00297.HK) and "Fang Hing Real Estate" (00817.HK) three listed enterprises.　　20 finalists "Fortune" Global 500, ranked No. 203 in 2010.　　In the introduction of overseas strategic investors, the localization also walked in front, the object is potash. August 24, the Director of the Office of the general manager of the group, Li Qiang, said in an interview with the Reporter: "Our chemical fertilizer business listing, potash as a strategic investor in the identity of the entry, and then overweight a part."　　"He believes that the outside world about whether the call and speculation, may be the long-term cooperation between the two." In June 2005, Potash Corp. and its subsidiaries, the predecessor of China Chemical Fertilizer, 0297.HK, reached a strategic investment agreement to buy 9.99% per cent of the latter by $97 million; early 2006, Potash Corp added another 126 million dollars to acquire 10.01% Equity, overweightFat to 20%. Has the right to recommend a second director in the Board of directors; In 2008, it increased its holdings by 2% to an existing 22% per cent stake.　　The biggest shareholder in China's chemical fertilizer is the Chinese group, which owns 53%. Li Qiang said to our correspondent: "Potash is obviously optimistic about our business." And in the field of fertilizer business, our cooperation also has a history of more than 30 years, a long time, know a lot. "High-priced potash statistics show that China consumes more than 10 million tonnes of potash fertilizer per year, which is one of the world's largest consumers of potash, but the proven reserves of potash resources account for only 1.6% of the world's economy."　　"Potassium deficiency" is one of the major causes of small crop size and low production in some areas.　　The international potash resources supply, concentrated in Russia, Belarus, Canada, Israel and other countries, China's import dependence is once more than 70%, the price of long-term passive, subjection, but must be difficult to solve. At the end of 2005, Sino-Foreign potash negotiations officially opened.　　The degree of ups and downs, and no less than iron ore.　　Under the unified organization of Minmetals chemical Import and Export Chamber of Commerce, China's major fertiliser companies have set up a negotiation mechanism for potash import, including more than 10 state-run and Non-state-owned enterprises, mainly for middle-and medium-and PetroChina. CNOOC replaced PetroChina's negotiating seat in 2008.　　This year, the outcome of the negotiations is difficult. According to the import contract reached in that year, potassium chloride landed as much as $565/ton, rising by 400 U.S. dollars over the previous year, up about 240% per cent.　　The rise is far more than China's other commodity iron ore, which is also dependent on imports, whose price negotiations have risen by less than 100%.　　China market, and thus entered the "high price potash" era. Zhang Zhirong told reporters that the father will be carbon amine, potash, urea, etc. take a certain amount of mixed with a "compound fertilizer."　　And the amount of potassium fertilizer when Father Penny, every catty one or two will not waste. "Because it's the most expensive fertilizer, and it's more expensive every year."　　"he said. April 2009, one of the major foreign suppliers BPC (Belarusian Potash Corporation) to the Chinese side, the price of 565 U.S. dollars/ton based on the 2010 increase of 50 U.S. dollars.　　China is not accepted and the two sides are deadlocked. Within weeks, the BPC would not be seated, and the CIF price would be reduced to $430 and 400.　　The two sides are unanimous--if we take into account 50 dollars/ton of freight, the FOB price has fallen to 350 U.S. dollars, the lowest in recent years.　　According to the statistics of the general Administration of customs, the impact of the financial crisis, in 2008, the import of potash fertilizer has fallen 44.19% year-on-year, in 2009, China's potash import volume fell again 60%. "Under the new price, China's potash imports are expected to reach about 4 million tonnes a year in 2010, and domestic demand may rebound to 7 million tonnes."　　"CICC's analyst points out. The increase in domestic production capacity, the large potash stock and the sluggish demand in the international market will be the potash negotiations between China and foreign suppliers.Chips。　　[Page] to overcome the "lack of potassium" but in this "potash" chess game, China is still considering more "post-recruit." June 30 This year, the Belarusian Government's first deputy Prime Minister Vladimir Siemasko said that BPC will sell a portion of the stake, and Chinese companies are most likely to become shareholders.　　In addition to Chinese companies, the White party did not negotiate with any country on the sale of the White Potash Corporation's stake.　　He disclosed that the white side wants to sell the company's stake to obtain 6 billion-7 billion dollars of money. In terms of industrial layout, China inorganic Salt Industry Association of Potash (Fertilizer) Industry branch of the Deputy Secretary-General Shang in an interview with this reporter said: "We will be international mergers and acquisitions to maintain concern, but from their own perspective, or in accordance with national policy on the production, import, overseas 1:1:1 layout." Actively develop new potash resources, maintain a certain import, while also overseas mining.　　At present, China's domestic potash production is relatively stable, 2009 to 3.127 million tons, the domestic self-sufficiency rate has reached 51.3%. According to China Petroleum and Chemical Industry Association, Deputy director of industrial development Wang Xiaofeng to reporters: "From production, China has two major enterprises." First, Salt Lake Group, occupies 80%-90% of domestic production, Qinghai state-funded committee, the second largest shareholder. Another is the state-invested as the largest shareholder in Xinjiang Lop Nur Potash Company, also began to occupy a certain share.　　"It is understood that in 2009, Xinjiang Lop Nur 1.2 million tons/year of potassium sulfate project was completed and put into production, so that China's total potash fertilizer can increase to more than 4.5 million tons."　　Currently under construction and planning of the potash project also has Citic Guoan, Sichuan Hongfeng, Yatai Group, foreshore Potash and other companies, the cumulative potash fertilizer annual output capacity of 8 million tons.　　In addition, of the 4 Chinese enterprises currently invested in Laos, 3 are 50,000 tons per year, 100,000 tonnes per year, 120,000 tons/year of pilot projects have been started, and will eventually be in 10 years, the formation of 6 million tons/year of overseas equity mineral energy. "Such an overseas arrangement, relative to other minerals, has gone very fast." "Shang said.