Список проголосовавших за комментарий " <table class="BriefingDataTable" border="0" cellspacing="0" cellpadding="0"><tr> <td class="tickerColumn"> </td> <td class="articleColumn">Mosaic issues its 2017 phosphate outlook in a slide presentation; says, for phosphate producers, 2017 is off to a good start. However, the outlook for the second half of this year looks less certain. (31.03)<p>For phosphate producers, 2017 is off to a good start. Prices and margins have moved up sharply during what typically is a seasonally slow period, and fundamentals continue to look positive heading into the upcoming application season.<br/> <br/> Several developments are driving up prices.<br/> <br/> Global shipments of the leading products are projected to post solid gains this year as a result of much leaner channel inventories as well as strong agronomic and economic demand drivers.<br/> <br/> <strong>Sales are off to a fast start this year because distributors who deferred purchases as prices declined last year are now scrambling to cover large commitments as prices rise this year. At the same time, Chinese export availability has declined</strong> due to a take-off of domestic shipments as well as a drop in industry output. More recently, rain storms and large swells have delayed peak shipments out of the large Jorf Lasfar facility in Morocco. Finally, it looks like new capacity will not deliver material tonnage until later this year or in 2018. These developments have brought the global phosphate market into a much tighter balance and have quickly turned sentiment.<br/> <br/> <strong>Mosaic expects that the recent price momentum will continue through the upcoming application season.</strong> Momentum could even accelerate if shipping delays worsen, the application season breaks early, Chinese export availability remains limited, and agricultural commodity prices hold up.<br/> <br/> <strong>The outlook for the second half of this year looks less certain</strong>. At this point, however, the key swing factors — Chinese exports, global shipments, and the start-up of new capacity — look like they are tilting in favor of a continued tight supply/demand balance through the end of this year><br/> <br/> A little background:</p><ul><li>MOS is the largest integrated phosphate producer in the world and one of the largest producers and marketers of phosphate-based animal feed ingredients in the United States. It is also one of the four largest potash producers in the world</li><li>The co is organized into three reportable business segments: Phosphates, Potash and International Distribution</li><li>In 2015, <strong>48% of total sales came from its phosphate segment,</strong> 26% of sales came from potash and 26% of sales came from international distribution</li><li>Meanwhile, 4<strong>8% of total operating earnings came its phosphate segment,</strong> 47% from potash and 5% from international distribution</li><li>It's 2016 10-K will be out soon</li></ul></td> </tr></table>"