UREA: Some traders may not perform under IPL India tender

05 August 2014 15:39 Source:ICIS

There is talk in the market that not all traders may perform under IPL India’s 21 July purchase tender given the sharp rise in prices of prilled urea in China over the last few days.

One or two traders are believed to have not submitted performance bonds although this is not confirmed.

There is also now talk that a new import tender might come earlier than had been expected, with some indicating as early as late August.

By Deepika Thapliyal