27 October 2011 15:27 [Source: ICIS news]
LONDON (ICIS)--Indian fertilizer manufacturer Fertilizer and Chemicals Travancore Ltd (FACT) has issued a new ammonia purchase tender, market sources said on Thursday.
FACT will close a tender on 1 November for 7,500 tonnes of ammonia for 10-15 November delivery to ?xml:namespace>
FACT last tendered on 12 September and received one offer, from Qatar Fertilizer Co (QAFCO), at $605/tonne (€436/tonne) CFR (cost and freight).
The tender was subsequently scrapped as the buyer deemed the price too high.
Since then, contract prices in
Traders think this tender will also be scrapped given the high offer prices expected.
($1 = 0.72)
For more on ammonia visit ICIS pricing fertilizers
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