Chinese and Indian potash buyers seeking price cuts, says ICL chief
Published: Friday, 23 October 2015
The soft underbelly of the global potash market could see prices fall over the next year by as much as $20/tonne, according to Stefan Borgas.
Potash purchasers based in India and China
are looking for price cuts of around $10-20/tonne muriate of
potash (MOP) in the next set of yearly contracts with suppliers
based worldwide, according to the CEO of Tel Aviv-headquartered
Israel Chemicals Ltd (ICL), Stefan Borgas.
Bulk contracts made in the spring-summer period...