ICL Falls to 3-Week Low After Potash Corp.’s Demand Outlook
This article is for subscribers only.
Israel Chemicals Ltd. fell to the lowest level in almost three weeks after Potash Corp. of Saskatchewan Inc., the world’s largest fertilizer producer by market value, scaled back its outlook for fertilizer demand.
The shares of Israel Chemicals, which makes fertilizer and potash from minerals harvested from the Dead Sea, declined as much as 2 percent before closing 0.3 percent lower at 39.30 shekels, the lowest since Jan. 8.