Sinochem Macao and Arab Potash Co. (Jordan) reached agreement for the supply of 600,000 mt minimum of potash to China during 2015. Apart from the firm quantities, the deal also includes optional quantities.
APC said the terms and conditions of this agreement reflect the current market prices and terms in China and is also in line with the long term agreement between the two sides signed in Beijing in September, 2013. Belarusian Potash Co. concluded business with China at $315/mt CFR in late March and this was followed by Canpotex.
APC said the agreement demonstrates the long and successful relationship between the two companies, and the continued importance APC places on the Chinese market.