A NEW brokerage report from Alfa Equities analyst, Roydel Stewart, forecasts export price gains this year of 90% for Uralkali and 81% for Silvinit. Market capitalization and share prices will move in step, Stewart expects. "We have increased our target prices for Uralkali and Silvinit based on the sharp rise in potash prices for the upcoming year. At the end of 2007 BPC, the industry price setter concluded a number of contracts for delivery to Southeast Asia and Brazil at $500/t, about 150% higher than the previous year.
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