Actionable news
0
All posts from Actionable news
Actionable news in MOS: THE MOSAIC COMPANY,

HSBC Maintains Cautious Stance On Fertilizer Group; Downgrades Potash, Mosaic

Invest with Confidence. Are you a financial professional? Stay on top of your portfolio with Benzinga Pro's real-time newsfeed and alerts and never miss a headline again.
Don't miss the chance to try it FREE today.

Global fertilizer prices have been under pressure. HSBC’s Yonah Weisz mentioned that the sustained pressure on fertilizer prices is likely to test the ability of manufacturers to weather their impact.

“The lack of industry visibility, higher volatility, and negative macro trends (crop prices and fertilizer affordability, general economic concerns, currency weakness) lead us to become more cautious in valuing the sector,” analyst Yonah Weisz wrote.

Low costs and high exports are likely to keep urea prices largely dependent on Chinese producers, while potash price remain directionless owing to the absence of a Chinese supply contract, the analyst commented. He added that DAP prices are dependent on renewed buying from India.

Cautious Stance On...


More