EDITOR: | October 16th, 2013

PhosAgro Fertilizer Sales up 10% y-o-y for 9M 2013

| October 16, 2013 | No Comments
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October 16, 2013 (Source: PhosAgro) — PhosAgro (Moscow Exchange, LSE: PHOR), a leading global vertically integrated phosphate-based fertilizer producer, announces its production results for the nine months ended 30 September 2013.

Total fertilizer production and sales for 9M 2013 grew 8.6% and 9.8% year-on-year, respectively. Phosphate-based fertilizer production and sales* for 9M 2013 increased by 6.5% and 7.7% year-on-year, respectively.
PhosAgro’s production and sales volumes for the 9M 2013 are summarized in the tables below.

Production Volumes by type

(kmt)

9M 2013

9M 2012

Change y-o-y

Phosphate-based fertilizers

3,426.8

3,217.7

6.5%

Nitrogen-based fertilizers

921.4

787.2

17.0%

TOTAL fertilizers

4,348.2

4,004.9

8.6%

Apatit mine and beneficiation plant

6,623.1

6,635.9

(0.2%)

Other products**

109.5

19.5

461.5%

 

Sales Volumes by type

(kmt)

9M 2013

9M 2012

Change y-o-y

Phosphate-based fertilizers

3,479.6

3,230.2

7.7%

Nitrogen-based fertilizers

930.6

787.8

18.1%

TOTAL fertilizers

4,410.2

4,018.0

9.8%

Apatit mine and beneficiation plant

3,034.0

3,311.7

(8.4%)

Other products**

232.5

203.9

14.0%

Commenting on the 9M 2013 production results, PhosAgro CEO Andrey A. Guryev said: “In the first nine months of 2013 we increased combined sales of phosphate- and nitrogen-based fertilizers by almost 10% compared to 9M 2012, and kept our production facilities operating at near 100% capacity. 

“As a low cost producer, we were able to achieve significant volume growth despite substantial price pressures that have led to reduced capacity utilisation in the global industry.

“In addition to a continued commitment to production flexibility, we are now concentrating on fast-growing markets, with the primary focus on our domestic market where we increased fertilizer sales to 1.1 million tonnes in 9M 2013.”

The table below provides a breakdown of production volumes by major product for 9M2013:

Production Volumes

(kmt)

9M 2013

9M 2012

Change y-o-y

Apatit mine and beneficiation plant
Phosphate rock

5,905.3

5,846.8

             1.0%

Nepheline concentrate

717.8

789.1

            (9.0%)

Phosphate-based fertilizers
DAP/MAP

1,628.3

1,530.3

             6.4%

NPK

1,284.4

1,256.9

             2.2%

NPS

220.3

207.8

             6.0%

APP

67.9

41.4

           64.0%

MCP

182.8

181.3

             0.8%

SOP

43.1

0.0

 –

Nitrogen-based fertilizers
AN

182.3

241.3

          (24.5%)

NP

109.1

65.1

           67.6%

Urea

630.0

480.8

           31.0%

Other products
AlF3

19.8

19.5

             1.5%

STPP

89.7

0.0

 –

Feed stock
Ammonia

733.2

823.6

          (11.0%)

Phosphoric acid (kt P2O5)

1,322.2

1,209.3

             9.3%

Sulphuric acid (kt monohydrate)

3,237.70

3,295.3

            (1.7%)

The table below provides a breakdown of sales volumes by major product for 9M 2013:

Sales Volumes

(kmt)

9M 2013

9M 2012

Change y-o-y

Apatite mine and beneficiation plant
Phosphate rock*

2,316.0

2,534.0

 (8.6%)

Nepheline concentrate

718.0

777.7

 (7.7%)

Phosphate-based fertilizers
DAP/MAP

1,682.6

1,517.6

10.9%

NPK

1,285.1

1,283.0

0.2%

NPS

229.7

209.7

9.5%

APP

58.6

34.3

70.8%

MCP

179.1

185.6

 (3.5%)

SOP

44.5

0.0

 –

Nitrogen-based fertilizers
AN

197.4

249.8

 (21.0%)

NP

110.0

49.9

120.4%

Urea

623.2

488.1

27.7%

Other products
AlF3

19.2

19.5

 (1.5%)

STPP

88.7

0.0

 –

Ammonia

4.8

69.5

 (93.1%)

Phosphoric acid

25.4

7.1

257.7%

Sulphuric acid

94.4

107.8

 (12.4%)


Raj Shah

Editor:

Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>


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