12 May 2011 13:38 [Source: ICIS news]
MMTC closed a tender for an unspecified quantity of urea on 4 May. It subsequently issued the following awards to traders at $399/tonne (€279/tonne) CFR (cost and freight):
• 55,000 tonnes to Toepfer for Mundra port
• 40,000-50,000 tonnes to Swiss Singapore for Mundra port
• 25,000 tonnes to Transglobal for Kandla port
The urea is for shipment before the end of June.
Toepfer is expected to supply from
The quantity awarded was less than expected and could result in a different Indian state agency issuing a tender again soon for additional quantities.
($1 = €0.70)
For more on urea visit ICIS pricing fertilizers
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