Indian fertilizer importer RCF has issued a tender to buy 430t of water-soluble NOP. The tender closes on 22 September.
Delivery is required in stages over 15-90 days from the date a contract is signed.
NOP offers ranged $895-920/t cfr under fellow importer NFL's tender that closed on 18 August for various water solubles, including NOP. Fob prices out of China have since softened slightly to $700-710/t fob in the latest Argus assessment for fertilizer grade product, but reports of sales to India at much higher prices reflecting $790-800/t fob continue. NOP prices in India are heavily affected by freight costs from China.
By Mike Nash
