compass minerals reports strong sulphate of potash demand

Sulphate of potash demand looking very healthy. Looking forward to the RWD quarterly and I was a buyer today @ 67c.

http://www.marketwatch.com/story/co...-2014-results-2014-07-28?reflink=MW_news_stmp

PLANT NUTRITION SEGMENT
Plant nutrition segment sales increased $21.5 million from $44.1 million in the second quarter of 2013. Strong demand for sulfate of potash and the addition of Wolf Trax® micronutrient sales lifted sales volumes 42 percent above 2013 results. The average selling price for the segment’s total portfolio of products was $670 per ton, compared to $638 in the second quarter of 2013. This 5 percent price improvement reflects the inclusion of Wolf Trax product sales, which are sold at higher prices than sulfate of potash. The average selling price for sulfate-of-potash-only products was essentially unchanged from prior-year results.
Plant nutrition segment EBITDA grew 25 percent year-over-year to $24.8 million as the benefits of higher sales volumes were partially offset by increased shipping and handling costs and higher average per-unit costs. The increase in unit costs stems from the inclusion of Wolf Trax products and the company’s strategic decision to continue converting purchased potassium chloride to augment sulfate of potash production at the company’s Ogden, Utah facility. Although this unique production process is at a higher unit cost than solar-pond-only production, the current economics of the process are attractive and have allowed the company to serve increased demand.