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)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections