25/01/27
Offers emerge for India's RCF urea tender: Update
Amsterdam, 27 January (Argus) — Prices under Indian fertilizer importer RCF's 23
January tender have emerged, with the lowest urea offers at $422/t cfr west
coast and $427/t cfr east coast. Trading firm Indagro offered the lowest for
both coasts. There was a comparatively tight spread, with four other offers in
the $420s/t cfr west coast. The lowest offers net to around $410/t fob Middle
East, $370/t fob Baltic, and the high $400s-410/t fob southeast Asia to the east
coast. There were 21 offers, with 1.37mn t to the east coast and 1.29mn t to the
west coast, for a total of 2.66mn t ( see below ). RCF requested that the
cargoes be loaded by 5 March and that offers are to be valid until 31 January.
The importer is seeking 1mn t of urea for the west coast and 500,000t for the
east coast. By Harry Minihan RCF's 23 January urea tender in India Supplier East
coast tonnage ('t) Price ($/t cfr) West coast tonnage ('t) Price ($/t cfr)
Indagro 45,000 427 45,000 422 Ameropa 99,550 437 52,400 422.50 Sun International
50,000 428 50,000 424 Hexagon 50,000 429.19 50,000 427.19 Midgulf 100,000 434
100,000 429 Quest 50,000 430 Aditya Birla 150,000 443 150,000 434 Fertistream
47,500 440 47,500 435 Keytrade 45,000 440 45,000 435 Koch 95,000 445 95,000 435
Dreymoor 80,000 449 80,000 439 Agricommodities/ETG 100,000 452.40 100,000 442.50
Fertiglobe Distribution 90,000 452 90,000 445 Macrosource 45,000 451 45,000 446
Continental 50,000 433 50,000 447 OQ 45,000 429 100,000 449 Samsung 90,000
436.20 90,000 450.20 Fertiglobe Fertilizer Trading 45,000 458 Liven 47,500 437
Indorama 46,000 435 IMR Metallurgical Resources 50,000 Rejected 50,000 Rejected
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