China's Sinochem signs fertilizer purchase deal with Arab Potash

23 September 2013 05:52  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Sinochem Group has signed a three-year agreement to purchase 600,000 tonnes of fertilizer annually from Jordan-based Arab Potash Company (APC), the Chinese group said over the weekend.

The deal covers 2014 to 2016, with sale prices of the fertilizer subject to market conditions, according to a Sinofert Holdings' statement dated 22 September posted on Sinochem's website.

Sinofert Holdings is a member of Sinochem Group.

“The two parties [Sinochem and APC] will review the prices on a semi-annual basis,” APC said in a separate statement.

By: Nurluqman Suratman

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly