Indian NPK 15-15-15 cfr price rises by up to $4/t

: Fertilizers
25/10/06

Indian fertilizer importer Fact has bought 50,000t of NPK 15-15-15 from trading firm Chasemax under Fact's tender closed on 22 September. Argus understands the awarded price is around $440 cfr.

The importer had received one offer each from Chasemax for 50,000t and from Latvian producer NPK Expert, which offered 30,000t.

Fact has awarded the tender to Chasemax for two-port discharge at Mangalore and Tuticorin. The tender requested shipment to depart the loading port by 15 November at the latest.

Chasemax has exported 382,226t of NPKs to India so far this year, all loading from the Russian port of Ust-Luga in the Baltics, Argus tracking data shows. Of this total, all shipments were of 16-16-16, save for a 30,000t shipment of 15-15-15.

Argus understands the awarded price is around $440 cfr, but there is no buy or sell side confirmation.

India's last known deal for 15-15-15 took place in mid-August when Saudi Arabia's Sabic sold around 25,000t of the grade at around $436-437/t cfr to state-owned fertilizer importer NFL. The cargo onboard the Beetle arrived at Kakinada on 10 September, Argus tracking data shows.

By Elena Mataro

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