Agricultural Chemical Stocks Rallied on Price hike (POT, MOS, AGU, IPI, CAGC)
Agricultural Chemical Stocks Rallied on Price hike (POT, MOS, AGU, IPI, CAGC) by PennyStockPickAlert.com.
(EMAILWIRE.COM, February 04, 2010 ) Dallas, Tx - Several chemical stocks rose Wednesday after the news that Russian potash exporter BPC raised spot prices of the crop nutrient by over 6%.
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Potash Corp./Saskatchewan (USA) (NYSE:POT) was the top percentage gainer in the sector and rose over 3% to $107.78. Potash Corp is the world's largest fertilizer company and the world's largest producer of potash, accounting for more than 20 percent of global potash production capacity. The company typically plays a key role in acting as a swing producer, reining in production in times of oversupply, and raising output when demand is high.
The Mosaic Company (NYSE:MOS) jumped 2.30% to $57.64 on higher volume.
Agrium Inc. (USA) (NYSE:AGU) also gained 1.80% and close at $61.08.
Intrepid Potash, Inc. (NYSE:IPI) surged 2.80% to $27.12 and China Agritech Inc. (NASDAQ:CAGC) rallied 5.70% to $31.33.
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Potash Corp./Saskatchewan (USA) (NYSE:POT) was the top percentage gainer in the sector and rose over 3% to $107.78. Potash Corp is the world's largest fertilizer company and the world's largest producer of potash, accounting for more than 20 percent of global potash production capacity. The company typically plays a key role in acting as a swing producer, reining in production in times of oversupply, and raising output when demand is high.
The Mosaic Company (NYSE:MOS) jumped 2.30% to $57.64 on higher volume.
Agrium Inc. (USA) (NYSE:AGU) also gained 1.80% and close at $61.08.
Intrepid Potash, Inc. (NYSE:IPI) surged 2.80% to $27.12 and China Agritech Inc. (NASDAQ:CAGC) rallied 5.70% to $31.33.
ABOUT http://www.PennyStockPickAlert.com
Penny Stock Pick Alert provides free stock newsletters on various stocks of the day. These alerts help investors in making the wise stock market investments. Till date thousands of our subscribers have made huge gains using our daily stock alerts. We also track penny stocks, midcap & smallcap penny stocks. You can become leader in US stock market by keeping track of the daily activity.
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Robert Wilson
Tel: 214-556-6798
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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