Pupuk Indonesia receives final sMOP offers

Spanish Market: Fertilizers
25/10/24

State-controlled fertilizer group Pupuk Indonesia has received six offers to supply 220,000t of standard MOP at $310-311/t cfr in its e-auction tender today.

The offers were submitted by BPC, Canpotex, APC, K+S, Food Security Solutions/Uralkali and Fertistream/Eurochem. The lowest offers were submitted by BPC and Canpotex.

Initial offers under the first round, which closed on 18 October, were submitted in the range of $315-323/t cfr.

The tender requests delivery between December 2024 and April 2025. It requested 175,000t to be shipped to Gresik port for Petrokimia Gresik in lots of 25,000t, with the first shipment to arrive in January 2025. Another 10,000t is to be shipped to Cigading port for Pupuk Kujang in a single lot for arrival by 1 December, and another 35,000t to be shipped to Lhokseumawe port for Pupuk Iskanda Muda in lots of 20,000t for arrival by 3 December.

By Nykole King

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