ICL announces sale of potash to customers in China
ICL announced that it signed several contracts with its customers in China to supply an aggregate 905,000 metric tonnes of potash, with mutual option for additional 375,000 metric tonnes, to be shipped in larger quantities per shipment, by the end of June 2019. The selling prices stipulated in the contract are $60 per tonne above the previous contracts and are in line with recent contract prices in China. The contracts are part of a three-year framework agreements between ICL and its Chinese customers. This announcement follows ICL's announcement from August 29, 2018, regarding execution of contracts with customers in India for the supply of 775,000 metric tons of potash by June 2019.