Iran buys DAP fertilizer from China at higher prices

16 June 2010 18:02  [Source: ICIS news]

LONDON (ICIS news)--Iran’s Agricultural Support Services Company (ASSC) has awarded its 12 June tender for 30,000 tonnes of diammonium phosphate (DAP) to a Chinese fertilizer producer, trader sources said on Wednesday.

Chinese producer Kailin was understood to have been awarded the tender and the price was at around $460/tonne FOB (free on board), up $10/tonne on previously reported export business.

Iranian prices usually command a premium due to the difficulties in doing business in the country. Chinese DAP availability is tight due to heavy commitments to India under contract.

ASSC received the following offers, prices in €/tonne FOB:

  • Kailin - 30,000 tonnes at €382/tonne ($472/tonne) FOB for delivery by September
  • Unifert/EuroChem (Russia) - 30,000 tonnes at €392/tonne for September-October delivery and 30,000 tonnes at €418/tonne for delivery from Morocco
  • Mekatrade/PhosAgro (Russia) - 30,000 tonnes at €396.97/tonne

Meanwhile, ASSC also tendered for 120,000 tonnes of triple superphosphate (TSP) and received the following offers:

  • Kailin - 30,000 tonnes at €316.95/tonne for September shipment and at €319.95/tonne for October delivery
  • Groupe Chimique Tunisien (GCT) - 30,000 tonnes at €330/tonne for October-November delivery
  • Trader company Unifert offered 30,000 tonnes at €331.50/tonne FOB for September-October delivery
  • Lebanon Chemicals - 30,000 tonnes at €332.50/tonne for September-October delivery
  • Mekatrade - 30,000 tonnes at €332.50/tonne FOB for September-October delivery

ASSC is reported to have awarded GCT with a cargo of TSP. GCT said the award was made at €320/tonne FOB.

Other awards were yet to be confirmed.

($1 = €0.81)

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By: Mike Nash
+44 20 8652 3214

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