FAS asked the vice-premier Viktor Zubkov, asking him to order to develop a pricing formula and rules of exchange trade of mineral fertilizers and raw materials for their production. “In the case of a decision by the state bodies and the introduction of the domestic market price formula for chemical fertilizers and raw materials for their production for the whole of Russia”s fertilizer industry comes a new era. Given the endless conflicts between the producers of complex fertilizers and monopolists - suppliers of mineral raw materials for their production ( Uralkali, Silvinit, ap) - a system solution to the issue of pricing in this market is long overdue, “- says the analyst of investment company” Finam “Dmitry Terekhov.
SIBUR published data on production for 2009 and projected volumes for 2010 The largest increase production company recorded in the commodity segment, as well as in the production of polymers and fertilizers. Production of ammonia and nitrogen fertilizers has increased in 2009 by 5% to 2.7 million tons in 2010 is expected to increase by 12% to 3,0 million tons “This news is positive for the Kemerovo Nitrogen and Mineral Permian Fertilizer-producing nitrogen fertilizer in the SIBURa. Expected in 2010, output growth against the backdrop of a rising trend in prices for nitrogen fertilizers will enable companies to improve financial performance “, - predicts Timur Khamitov of Finam.
MDM Bank presented the unaudited consolidated financial statements prepared in accordance with IFRS, for the first 9 months of 2009. During this period, the bank”s assets decreased by 30% and amounted to 376 billion rubles. The volume of net loans granted has decreased by 23%, reaching 252 billion rubles. Equity Bank was at the end of September 2009 57,8 billion rubles, and the adequacy of capital - 18,4%. Loss for the 3 quarters of 2009 amounted to 6,1 billion rubles. “MDM Bank”s published accounts for up to 3 quarters shows a significant decline in business as well as a very high proportion of bad loans. Nevertheless, we estimate that the negative results should not affect the payment of guaranteed dividends on preferred shares of the bank. We believe that the failure dividends can significantly impede access to the bank”s capital markets “, - analyst IK” Finam “Konstantin Romanov.
UralKali reported production results for 2009, the Company has reduced the production of potassium chloride in 2009 by 45% compared to 2008 - from 4793 tons to 2621 tons, “The causes significant decrease in performance — in a collapse in demand for products Uralkaliya in the first half of 2009 until the second half of the demand began to recover gradually, but its full restoration of the matter does not go. In the current potash market is “at the bottom” in price and has entered a phase of gradual growth by volume and demand. The conclusion of the BPC in late December, the annual contract for the supply of potash to China at the price of 350 $ /t (shipment CFR) was a turning point for the potash market, because we see that the spot market has pushed up the level of prices of Chinese contract and is now trading higher. Therefore, we believe that the worst for the potash companies are already behind, and in 2010 we see growth in demand and prices for potash, “- said in a daily” Finam “.
More information on these and other analysts” comments Finam you can refer to the section “Investments”
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FAS turned to Viktor Zubkov with a request to give commission to develop a pricing formula and rules of exchange trade in mineral fertilizers
FAS asked the vice-premier Viktor Zubkov, asking him to order to develop a pricing formula and rules of exchange trade of mineral fertilizers and raw materials for their production. “In the case of a decision by the state bodies and the introduction of the domestic market price formula for chemical fertilizers and raw materials for their production for the whole of Russia”s fertilizer industry comes a new era. Given the endless conflicts between the producers of complex fertilizers and monopolists - suppliers of mineral raw materials for their production ( Uralkali, Silvinit, ap) - a system solution to the issue of pricing in this market is long overdue, “- says the analyst of investment company” Finam “Dmitry Terekhov.
SIBUR published data on production for 2009 and projected volumes for 2010 The largest increase production company recorded in the commodity segment, as well as in the production of polymers and fertilizers. Production of ammonia and nitrogen fertilizers has increased in 2009 by 5% to 2.7 million tons in 2010 is expected to increase by 12% to 3,0 million tons “This news is positive for the Kemerovo Nitrogen and Mineral Permian Fertilizer-producing nitrogen fertilizer in the SIBURa. Expected in 2010, output growth against the backdrop of a rising trend in prices for nitrogen fertilizers will enable companies to improve financial performance “, - predicts Timur Khamitov of Finam.
MDM Bank presented the unaudited consolidated financial statements prepared in accordance with IFRS, for the first 9 months of 2009. During this period, the bank”s assets decreased by 30% and amounted to 376 billion rubles. The volume of net loans granted has decreased by 23%, reaching 252 billion rubles. Equity Bank was at the end of September 2009 57,8 billion rubles, and the adequacy of capital - 18,4%. Loss for the 3 quarters of 2009 amounted to 6,1 billion rubles. “MDM Bank”s published accounts for up to 3 quarters shows a significant decline in business as well as a very high proportion of bad loans. Nevertheless, we estimate that the negative results should not affect the payment of guaranteed dividends on preferred shares of the bank. We believe that the failure dividends can significantly impede access to the bank”s capital markets “, - analyst IK” Finam “Konstantin Romanov.
UralKali reported production results for 2009, the Company has reduced the production of potassium chloride in 2009 by 45% compared to 2008 - from 4793 tons to 2621 tons, “The causes significant decrease in performance — in a collapse in demand for products Uralkaliya in the first half of 2009 until the second half of the demand began to recover gradually, but its full restoration of the matter does not go. In the current potash market is “at the bottom” in price and has entered a phase of gradual growth by volume and demand. The conclusion of the BPC in late December, the annual contract for the supply of potash to China at the price of 350 $ /t (shipment CFR) was a turning point for the potash market, because we see that the spot market has pushed up the level of prices of Chinese contract and is now trading higher. Therefore, we believe that the worst for the potash companies are already behind, and in 2010 we see growth in demand and prices for potash, “- said in a daily” Finam “.
More information on these and other analysts” comments Finam you can refer to the section “Investments”
1; user rated material 5.
Analyst Ratings
At the news of the approval of plans to move to IDC RAB better market traded securities of Energy today
“Naftogaz” to increase control over the Ukrainian oil company Ukrnafta
Deficit of the investment budget Railways up to 2015 amounts to 1.4 trillion rubles
Financial crisis has changed the standards IFRS
Europe: markets were doing the bidding of American consumers
The RTS finished trading in a weak positive territory, tomorrow downward trend on the equity market could be continued
Aeroflot has considered the deal to purchase from the National Reserve Corporation “25,8% of own shares
The IMF raised its estimate of Russia”s GDP in 2010 to 3,6%
U.S.: Consumers supported the stock markets