India's RCF seeks key NPS and NPK grades

Market: Fertilizers
14/05/24

Indian fertilizer importer RCF has issued a tender to buy 50,000t each of 20-20-0+13S and 10-26-26, plus or minus 10pc of the respective quantities.

The tender is to close on 16 May, and offers must be valid to 22 May.

The tender, which requests loading by 20 June, is open only to suppliers with which RCF has long-term agreements.

The minimum offer quantity is 25,000t, plus or minus 10pc.

Potential suppliers can offer either or both products.

RCF late last month floated a tender to buy two 50,000t lots of 20-20-0+13S. It received one offer — of 50,000t from a trading firm — at $362/t cfr duty unpaid. But the offer was around $17/t higher than the price at which Saudi producer Ma'aden recently sold the grade to another Indian importer, and RCF scrapped its tender.

RCF has not received a cargo of key NPK grade 10-26-26 since early November 2023, Argus data show.

By David Maher

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