Uralkali's output to decline in Q113
Moscow, Dec 05, 2012 (Menafn - RosBusinessConsulting via COMTEX) --The world's biggest potash fertilizer producer Uralkali expects its potassium chloride output to total 1.6m tons in the first quarter of 2013, down from 1.9m tons in the year-earlier period, the company told RBC.According to Uralkali, this projected downturn is attributable to the fact that its production facilities will be operating at 50% of their capacity from December 2012 until March 2013, while in Q1 2012 they were operating at 60% of their capacity. However, the company confirmed its output guidance for 2012, which is expected to reach 9.3m tons of potassium chloride, while its production capacity currently stands at 11.5m tons and could reach 13m tons by the year-end.Uralkali has been forced to scale down production due to the contraction of demand for potassium chloride in India and China, although the company expects this slowdown to be short-lived, with demand likely to rebound in May 2013.
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