Jordan-based miner Arab Potash (APC) has reported Q1-Q3 net profits surged by 3% to JD89m ($125m) from the year before due to strong muriate of potash (MOP) pricing. Important contracts with both India and China settled at $290 a metric tonne (mt), an increase of $50/mt for India and $60/mt for China. However, the potash producer warned pricing may weaken in 2019 as more MOP supplies come online. APC sold 1.8 million mt of MOP from January to September of this year, up 44% from the same period the year before.
Jordan-based miner Arab Potash (APC) has reported Q1-Q3 net profits surged by 44% to JD89m ($125m) from the year before due to strong muriate of potash (MOP) pricing. Important contracts with both India and China settled at $290 a metric tonne (mt), an increase of $50/mt for India and $60/mt for China. However, the potash producer warned pricing may weaken in 2019 as more MOP supplies come online. APC sold 1.8 million mt of MOP from January to September of this year, up 3% from the same period the year before.