26/05/12
India’s IPL secures over 1.3mn t of DAP: update
Adds Aditya Birla to the list of suppliers, bringing the total secured to
1.3465mn t of DAP London, 12 May (Argus) — Indian fertilizer importer and
producer IPL has issued letters of intent to 14 suppliers, securing 1.3465mn t
of DAP at $930-935/t cfr in a tender that closed on 7 May. Suppliers are to
deliver 581,500t of DAP to India's east coast and 765,000t to the west coast.
The delivery schedule is not yet available, but IPL had specified shipment from
loading ports by 15 August in the tender. The quantity secured is above the
1.2mn t that IPL had sought in the tender. It received offers for 2.325mn t of
DAP before asking all suppliers to match the lowest offers submitted at $935/t
cfr east coast and $930/t cfr west coast India. The suppliers for the east coast
are as follows: Indagro: 40,000t from the US Ameropa: 15,000t from South Korea
Samsung: 50,000t, open origin Sun International: 40,000t from the US Maaden:
60,000t from Saudi Arabia Hexagon: 50,000t, open origin Fertistream: 50,000t
from Russia Agricommodities: 245,000t, open origin Aditya Birla: 31,500t from
Egypt The suppliers for the west coast are as follows: Indagro: 30,000t from
Egypt Ameropa: 50,000t from Morocco Agrifields: 45,000t from Jordan VB Venture:
40,000t from Saudi Arabia Sun International: 40,000t from the US Maaden:
110,000t from Saudi Arabia Quest Group: 50,000t from Russia Agricommodities:
190,000t from Saudi Arabia Oasis: 150,000t from Russia Midgulf International:
60,000t, open origin Agricommodities had initially accepted IPL's counterbid
prices for up to 600,000t of DAP from Saudi Arabia . But Argus understands that
IPL wanted Agricommodities to load all of its cargoes from Red Sea ports, rather
than from Ras al-Khair in the Mideast Gulf. IPL had also sought 400,000t of TSP
in the tender. Argus understands that IPL has countered Moroccan producer OCP at
$710/t cfr for TSP. Talks with OCP for DAP and TSP are reportedly ongoing. By
Tom Hampson Send comments and request more information at
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