All Posts from July 31, 2017

ICL Concludes Chinese Contract

Breaking Industry News, Potash

Israel Chemicals Ltd. has signed contracts with Chinese customers to supply 925,000 mt of potash for delivery through the end of 2017, the company said July 30. ICL said the selling price is in line with recent contract prices in China. This would be $230/mt CFR versus the year-ago $219/mt CFR. ICL said the contracts are part of a three-year framework agreement between ICL and Chinese customers.

The 2017 volume represents a 25 percent increase over 2016 at 700,000 mt though less than the 1.1 million mt in 2015.

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