By ICN GroupChemical, May 23, 2020
The contract price has been set at US$ 230 per tonne of potash fertilizers on the terms of delivery to the buyer’s port (CFR), and to a greater extent reflects the current market situation, in contrast to the commercial terms of the Chinese contract, which were considered suboptimal by most companies in the industry.
AGC will prepare for the plant to resume full-scale operations by April 2021.
The sale of Arkema’s functional polyolefins business to SK Global Chemical was finalized on June 1st and is fully in line with the strategy to refocus the group’s activities on specialty materials.
The Department of Chemicals and Petrochemicals prescribes minimum 60%, 70% and 80% local content for FY2020-21, FY2021-23 and FY2023-25 respectively of local chemicals and petrochemical contents in public procurement.
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