12 September 2012 05:43 [Source: ICIS news]
The company had offered two cargoes of 30,000 tonnes of granular urea, and four cargoes of prilled urea of 5,000 tonnes each.
Hong Kong-based Quantum Fertilisers was awarded the first 30,000-tonne granular urea cargo at $448.75/tonne (€350.03/tonne) FOB (free on board) Indonesia – well above the “reserve price” or minimum price of $420/tonne FOB Indonesia set by the supplier.
Indonesian-based trader Indevco took the second granular urea cargo at $437/tonne FOB Indonesia .
The prilled urea cargoes were awarded at prices in the high-$300/tonne FOB Indonesia levels, well above the “reserve price” set at $360/tonne FOB Indonesia , according to sources.
Three 5,000-tonne cargoes went to trader Fert-Com – one priced at $390.75/tonne FOB Indonesia and two at $386.50/tonne FOB Indonesia
The fourth parcel was awarded to PT Trada Trading Indonesia at $388.25/tonne FOB Indonesia.($1 = €0.78)
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