KIEV, Feb. 2 – Mineral fertilizer companies are in for a difficult time due to the higher price of natural gas for industrial consumers set by the National Electricity Regulatory Commission on Jan. 29 and the cancellation of export duties on mineral fertilizers by Russia.
"Chemical companies will have problems, and their competitiveness is really under threat, especially from Russian companies. It's likely that our companies will work with a minimum loading of their facilities until the price of mineral fertilizers grows. It will be easier for those who did not spend the profits of the past one or two years, when profitability was rather high," said an analyst from Kiev-based Concorde Capital Investment Company, Volodymyr Nesterenko.
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