Arab Potash Co. (APC) confirmed it has reached an agreement with China’s Sinochem Macao for the supply of potash. The supplier did not disclose the volumes agreed but said the terms and conditions of the deal were in line with quantities outlined in the long-term agreement between the two parties signed in 2013, and in line with other potash suppliers for “the relevant period.”
Last year, APC and Sinochem Macao agreed to the supply of 600,000 mt of potash for firm quantities plus optional tons for delivery during 2015.
APC said the two sides agreed to continue their cooperation and their long-term partnership in the supply, promotion and distribution of potash in China and this latest agreement paves the way to maintaining a regular volume of potash shipments from Jordan to China.