10 September 2009 10:19 [Source: ICIS news]
IPL’s tender for an unspecified quantity of urea closed on 10 September, with offers to be valid until 14 September.
Including optional tonnages, over 1m tonnes were offered by a range of traders and suppliers.
The lowest offer came from traders Transammonia at $268/tonne (€185/tonne) CFR (cost and freight) Mundra for 50,000-60,000 tonnes of urea.
Awards are expected to be issued on 11 September.
IPL requested shipment during September and October.
IPL was expected to purchase between 500,000-700,000 tonnes of urea under the tender if it found the prices acceptable, according to market sources.
($1 = €0.69)
For more on urea visit ICIS chemical intelligence
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