Indian fertilizer importer and producer Fact has issued a tender to buy up to 12,000t of phosphoric acid solution, closing on 13 January.
Fact wants offers for phosphoric acid containing 46-53pc P2O5 for arrival at Kochi port on India's southwest coast between 25 February and 6 March.
Offers are to be quoted as a premium or discount to $1,060/t P2O5 cfr — the contract price of phosphoric acid shipments to India in the fourth quarter of last year — including 30 day's credit.
Bangladeshi state-owned importer BCIC closed a tender to buy 20,000t of 52-54pc P2O5 phosphoric acid solution on 1 January. It received one offer from trading firm Sun International at $617.76/t cfr, equivalent to $1,144-1,188/t P2O5 cfr and down from offers in November.
Sun International gave the only offer in BCIC's 20 November tender for 20,000t of the same grade of acid, equivalent to $1,150-1,194/t P2O5 cfr.
In its 18 November tender to buy 10,000t of merchant-grade acid, BCIC received offers ranging from $1,163-1,213/t P2O5 cfr equivalent.
