CJ Indonesia issues tender to buy ammonia

Ammonia buyer CJ Indonesia has issued a tender requesting 6,000t for shipment to Gresik port in east Java.

The tender, which closes on 7 January, requests the ammonia be offered on a cfr price basis and valid for three days. The cargo is for 11- 13 February arrival.

Recent spot trading activity has led to a steep correction in Asian delivered prices. Mitsubishi sold two cargoes at $330/t cfr to China and Taiwan in the second half of December.