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Pupuk Indonesia closes tender to buy August amsul

  • : Fertilizers
  • 26/06/22

State-owned Pupuk Indonesia has closed a tender today to buy a total of 100,000t of bulk standard caprolactam-grade ammonium sulphate (amsul) for delivery in August to its subsidiary Pupuk Petrokimia Gresik (PKG).

Pupuk Indonesia requested that offers be submitted on a formula price with a variable discount. The lowest offer was around $10/t, market participants said, although this was not confirmed by the companies involved.

PKG has requested five single shipments of 20,000t each to Gresik port, to be delivered on a weekly basis, except in the third week of August where two cargoes are scheduled.

Argus last assessed southeast Asia delivered standard amsul prices at a midpoint of $247.50/t cfr on 18 June.

Amsul prices have been on a downward trend in recent weeks, tracking a weakening urea market.


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