India appears set to continue urea purchasing

27 March 2008 18:58  [Source: ICIS news]

LONDON (ICIS news)--India appears set to continue its 2008 urea purchasing programme after State Trading Corp (STC) announced a tender, traders confirmed late on Thursday.

 

STC issued the tender on Thursday, for closing on 7 April, for an unspecified quantity of urea under a long term, formula-based contract, traders said.

 

It has requested offers for shipment dates from April this year to March 2009. It is estimated that around 1.25m tonnes will be required over a one-year period.

 

In addition, Indian Potash Limited (IPL) is expected to issue a tender around 1 April, closing around 10 April, to buy up to 650,000 tonnes of urea for April-May shipment.

 

These buying plans follow the purchases of India’s MMTC under its 12 March tender.  In total, around 625,000 tonnes of urea were bought from various origins including China and the Middle East.

By: Carl Roache
+44 20 8652 3214

< previous article(VIDEO - ICIS news Asia Lunchtime Bulletin 2 November 2009)

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