UREA: Alexfert Egypt concludes fresh business

08 April 2014 14:26 Source:ICIS

In Egypt, Alexfert has sold 8,000 tonnes of granular urea to Ameropa, for April shipment. The seller says the price is at $385/tonne FOB while the buyer says the price is slightly below this level.

The cargo is likely for Europe but the destination has not been finalised.

Last week, Alexfert sold 5,000-6,000 tonnes of granular urea to Koch at $395/tonne FOB and another 3,000 tonnes to Greece at $392/tonne FOB, for 1H April shipment.

The producer is now operating its plant at 85% capacity after being shut for around three days last week.

By Deepika Thapliyal