Egyptian fertilizer producer NCIC has reported awarding its latest tender to sell SSP and urea, which closed on Monday.
It reports the following awards:
- 20,000t of granular SSP at $340-375/t fob
- 10,000t of granular urea at up to $852/t fob
The SSP is split between two buyers with 15,000t priced at the upper end of the range, bound for Australia, and 5,000t at the lower end for open destination.
It had initially only offered 10,000t of SSP in the tender after offering 15,000t in a tender which closed on 20 April, without selling.
The upper end of the price range is in line with NCIC's sale of 25,000t of SSP under a tender which closed on 4 April.
NCIC says it sold the urea to a single buyer but did not specify the destination. It had initially only offered 7,000t in this latest tender, having awarded 3,000t out of the 10,000t offered in its 20 April tender at $830/t fob.
All cargoes sold under this tender will load and ship from Ain Sokhna port on the Red Sea.
No buy-side confirmation for the awards have yet emerged.
