07 July 2010 14:33 [Source: ICIS news]
Only four companies submitted offers in the tender, which closed on 5 July, according to sources.
The lowest offer came in from Switzerland-based trader Transammonia for 50,000 tonnes at $291.87/tonne (€230.58/tonne) CFR (cost and freight), but the offer restricted delivery to the ?xml:namespace>
As a result, sources said Trading Corp subsequently awarded the next lowest offer, which came in from Germany-based trading company Helm for 50,000 tonnes, at $292/tonne CFR.
Helm is expected to supply the urea from
International urea prices have increased steadily in recent weeks. This was reflected in Trading Corp’s latest tender award, which is a sharp increase from the $253.77/tonne it awarded under its previous purchase tender.
($1 = €0.79)
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