India's FACT issues new 7,500-tonne ammonia purchase tender

21 April 2011 13:37  [Source: ICIS news]

LONDON (ICIS)--Indian fertilizer manufacturer Fertilizer and Chemicals Travancore Ltd (FACT) has issued a new ammonia purchase tender just two weeks after scrapping one because it deemed prices too high, trader sources said on Thursday.

FACT issued a tender for 7,500 tonnes of ammonia for delivery to Cochin during 15-20 May. The tender will close on 26 April.

In late March, FACT issued a tender for 7,500 tonnes of ammonia for mid-April delivery, its first tender since October 2010.

The lowest offer was submitted by Kuwait’s Petrochemical Industries Co (PIC) at $538/tonne (€371/tonne) CFR (cost and freight).

Qatar Fertilizer Co (QAFCO) submitted an offer at $547/tonne CFR and Saudi Basic Industries Corp (SABIC) at $548/tonne CFR.

However, FACT subsequently scrapped the tender as the offer prices were deemed too high.

The latest contract business in India has been agreed in the range of $495-510/tonne CFR.

($1 = €0.69)

For more on ammonia visit ICIS pricing fertilizers

By: Rebecca Clarke
+44 20 8652 3214

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