Israeli Chemicals signs contract with Chinese company to supply potassium carbon
Special minerals and chemicals company Israel Chemical Group (ICL) announced that it has signed multiple contracts with its Chinese customers to supply the latter with a total of 910,000 tons of potassium carbonate by the end of 2020.
The contracts also include an additional two-way option with a supply of 490,000 tons.
The price stipulated in the contract is US $ 70 per ton, which is lower than the previous contract price, but it is consistent with the recent contract price in China.
The Israel Chemical Group and its Chinese customers signed a three-year framework agreement in 2018. The above-mentioned contracts are part of these agreements.
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