13 June 2012 03:34 [Source: ICIS news]
NAGOYA (ICIS)--Indonesian fertilizers producer Kaltim closed a sales tender for 5,000 tonnes ammonia on 12 June, having received bids that were 3-5% lower than its previous tender, a trader said on Wednesday.
Kaltim offered the ammonia for July shipment and received bids at $612/tonne (€490/tonne) FOB (free on board) ?xml:namespace>
It is not clear whether Kaltim will award the tender to the highest bidder, or will scrap the tender and re-tender at a later date in hopes of attracting higher bids, as ammonia prices are on an upward trend in
In a previous tender, which closed on 31 May, Kaltim sold 10,000 tonnes to Indevco at $630/tonne FOB
Mitsubishi will load the Kaltim cargo on the vessel Antwerpen, with the balance of the cargo loading from the Kaltim Parna Industry (KPI) plant in Bontang. The vessel is heard to be loading on 20-22 June and will go to
Ammonia contract prices climbed from $570-580/tonne CFR (cost and freight) Taiwan on 31 May to $590-600/tonne CFR Taiwan on 7 June on tight regional supply and healthy demand.
($1 = €0.80)
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