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
- Kailin - 30,000 tonnes at €382/tonne ($472/tonne) FOB for delivery by September
- Unifert/EuroChem (
- Mekatrade/PhosAgro (
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
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