Egyptian fertilizer producer NCIC has issued a second tender to sell various fertilizers for loading in April.
The tender closes on 20 April.
NCIC is offering the following in the tender:
- 20,000t of DAP — it sold 10,000t of DAP at $840/t fob in its 4 April tender
- 10,000t of TSP — it sold 10,000t at $618/t fob in its 4 March tender
- 15,000t of SSP — it sold 25,000t at $375/t fob in its 4 April tender
- 10,000t of urea — it sold 10,000t at $654/t fob in its 4 March tender. Argus last assessed Egyptian urea at $790-820/t fob for European markets
- 5,000t of CAN26 — it sold 15,000t at $352/t fob in its 4 March tender
- 1,000t of water-soluble SOP — it sold 1,200t at $620-630/t fob in its 15 March tender
The cargoes are to be priced on a bulk fob basis, apart from the SOP, which will be sold ex-works from NCIC's Fayoum plant in 25kg bags. If the buyer does not load the cargo after 27 days from the issuance of the pro forma invoice, NCIC will cancel the shipment.
Offers are to be valid for two weeks from the tender closing date.
