JERUSALEM Jan 1 The Clal Finance brokerage
lowered its price target for Israel Chemicals (ICL) to
45 shekels from 52 shekels amid lower prices being paid for
potash by Chinese customers.
Clal in a report on Tuesday maintained a "market perform"
recommendation for shares of ICL, a maker of fertilisers and
specialty chemicals, which were 1.7 percent higher at 45.40
shekels at midday in Tel Aviv.
On Monday, three North American potash producers struck a
six-month deal to supply the crop nutrient to a subsidiary of
China's Sinofert Holdings at $400 per tonne, $70 less
than the prior contract.