Vessel nominations in Indian importer RCF's 23 January tender to buy urea have emerged, with 11 out of 12 shipments nominated.
Four vessels will load from the Middle East, two from Nigeria, two from Indonesia, at least two — and probably three — from Russia and one cargo of probably re-exported material from Yantai in China (see table). The 11 vessels nominated are set to load this month.
Quest is the one supplier still to nominate a vessel, but this will probably load in Russia. Vessels are to load by 5 March, as per RCF's request.
There will be nine shipments for a combined 411,500t to the east coast and 147,400t in three lots to the west coast, totalling 558,900t. Indagro made the lowest offer at $422/t cfr west coast and $427/t cfr east coast.
RCF had sought up to 1.5mn t of urea and market participants are awaiting the next tender from India to bridge the shortfall, which is expected in the next 1-2 weeks.
| RCF 23 Jan urea tender vessels | ||||
| Supplier | Tonnage t | Prilled/granular urea | Origin | Destination port |
| West coast | ||||
| Indagro | 45,000 | Granular | UAE | Mundra |
| Ameropa | 52,400 | Granular | Sohar, Oman | Deendayal |
| Quest | 50,000 | Russia TBC | Rozy | |
| East coast | ||||
| Indagro | 45,000 | Granular | Onne, Nigeria | Kakinada |
| Midgulf | 45,000 | Granular | Indonesia | Krishnapatnam |
| Midgulf | 31,500 | Granular | Lekki, Nigeria | Krishnapatnam |
| OQ | 45,000 | Granular | China | Kakinada |
| Sun International | 50,000 | Prilled | Qatar | Paradip |
| Liven | 47,500 | Granular | Indonesia | Vizag |
| Fertistream | 45,000 | Prilled | Tuapse, Russia | Gangavaram |
| Aditya Birla | 52,500 | Granular | Sohar, Oman | Dhamra |
| Aditya Birla | 50,000 | Prilled | Ust Luga, Russia | Karaikal |
| Total | 558,900 | |||
| — market sources | ||||
