Sri Lanka urea tenders receive range of offers

12 June 2008 14:34  [Source: ICIS news]

LONDON (ICIS news)--Ceylon Fertilizer Corporation (CFC) and Colombo Commercial Fertilizer's (CCF) urea tenders attracted a range of offers from traders, results showed on Thursday.

 

CFC and CCF both closed urea tenders on 11 June, CCF for 114,000 tonnes and CCF for 66,000 tonnes.

 

The lowest offer in the CFC tender came from trading company Toepfer offering 12,000 tonnes of Qatari prilled urea for August shipment at $823.92/tonne (€527/tonne) CFR (cost and freight) bagged Sri Lanka.

 

The highest offer came from Emirates Trading Agency (ETA) offering 12,000 tonnes of United Arab Emirates’ prilled urea at $878.00/tonne CFR bagged Sri Lanka for October shipment.

 

The lowest offer in the CCF tender came from Toepfer again offering 12,000 tonnes of Qatari prilled urea at $823.92/tonne CFR bagged Sri Lanka, while the highest was from trading company Wilson International offering 12,000 tonnes of Chinese prilled urea at $960.50/tonne CFR bagged Sri Lanka.

 

Both were understood to be for end-August shipment.

 

Fewer participants took part in the tenders than expected due to the lack of Chinese urea available.

 

($1 = €0.64)

By: Carl Roache
+44 20 8652 3214

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