18 April 2013 04:28 [Source: ICIS news]
NAGOYA (ICIS)--Indonesian fertilizer producer PT Pupuk Kaltim sold three 30,000 tonne granular urea cargoes to a group of traders under a privately held tender on 17 April, market sources said on Thursday.
Trading firms Dreymoor Fertilizers Overseas, Transglobe and Swiss Singapore were heard to have been awarded the Indonesian granular urea cargoes at $360/tonne (€277/tonne) FOB Bontang for May loading, the sources added.
The three trading companies were previously awarded a purchase tender by Indian Potash Limited (IPL) on 12 April.
It was unclear whether all granular urea cargoes acquired from Indonesia would be used to meet part of IPL's requirements, as cargoes bound for India were expected to be sourced largely from Russia and Iran.
IPL is understood to have awarded the following quantities at $379.70/tonne CFR India for a total of 537,000 tonnes:
* 110,000 tonnes to Quantum Fertilisers (origin: Oman / possibly China)
* 80,000 tonnes to Swiss Singapore (origin: Iran)
* 100,000 tonnes to Transglobe (origin: Iran)
* 50,000 tonnes to Dreymoor Fertilizers Overseas (origin: Russia)
* 50,000 tonnes to Keytrade
* 50,000 tonnes to Maruthi (origin: Iran)
* 50,000 tonnes to Emmsons International (origin: Iran)
* 47,000 tonnes to Blue Deebaj Chemicals (origin: Iran)
IPL has requested for the urea cargoes to be delivered to India by 31 May.
India is one of the largest importers of urea and imported nearly 8m tonnes of the fertilizer in the previous fiscal year.
($1 = €0.77)
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