Indian urea import tender sees bumper participation
Deepika Thapliyal
09-Oct-2020
LONDON (ICIS)–Indian state-run fertilizer importer Rashtriya Chemicals and Fertilizers Limited (RCF) today received 16 offers for a total of 3.6m tonnes of prilled and granular urea in its tender.
The number is significantly higher than the previous tender at end August when MMTC Limited received 13 offers for a total of 2.3m tonnes.
RCF is expected to open price offers on 12 October, with validity expiring on 19 October. The shipment is due to be loaded by 15 November.
RCF India Urea Tender Offered
Quantities
9 October 2020 | ||
Supplier/Origin | Quantity | Ports |
Ameropa | 1,017,000 | 7 cargoes for west coast, five east coast |
Swiss Singapore | 474,000 | 6 west coast and 4 east coast |
Fertiglobe/UAE/Egypt | 375,000 | 6 cargoes on FOB basis; Kandla, Mundra |
Samsung | 276,000 | 3 each west and east coast |
Dreymoor | 200,000 | Gangavaram, Pipavav |
Koch | 200,000 | Gangavaram, Vizag, Mundra, Pipavav |
Midgulf | 190,000 | Gangavaram, Krishnapatnam, Hazira, Tuna |
Amber | 190,000 | 2 each east and west coast |
Continental | 150,000 | East and west coast ports |
Transglobe | 150,000 | Krishnapatnam, Gangavaram, Rozi |
Gavilon | 135,000 | Karaikal, Mundra |
Sun International | 90,000 | Mundra, Krishnapatnam |
Agrifert Liven | 45,000 | Kandla, Mundra, Adani, Rozi |
SABIC/Saudi Arabia | 45,000 | Mundra, Pipavav |
GPIC/Bahrain | 45,000 | FOB offer |
Helwan/Egypt | 45,000 | FOB offer |
Total | 3,627,000 |
Swiss-based trader Ameropa offered over 1m tonnes, and it was the first time for Egyptian producer Helwan to offer directly in an Indian tender.
Price expectations are now in the high-$270s/tonne CFR (cost & freight).
“It’s tricky to get the price right, to be among the lower offers but not quote too low… Those who quoted too high a price will not have a chance to sell this time with so much offered,” said a seller.
MMTC Limited bought 1.8m tonnes of urea at $283.52-288.89/tonne CFR and $280/tonne FOB in its previous tender on 26 August.
India is likely to need another 3.5m tonnes of urea over the next three months.
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