Indian fertilizer importer and producer RCF has bought 20,000t of MAP 10-50 from trading firm Hexagon at $649/t cfr with 30 days of credit in its 28 February tender.
The cargo is due for shipment to Mumbai by 30 April.
RCF had sought two 20,000t cargoes of MAP 10-50 or DAP in the tender, asking for the first cargo to be shipped within 30 days from issuing the purchase order. Dubai-based trading firm Petrotex offered DAP for the first shipment, but RCF has not accepted the offer.
Hindalco receives no offers in DAP tender
Fellow importer Hindalco received no offers in its tender to buy 40,000t of DAP, which closed on 14 March.
It had asked for the cargo to arrive at Mundra on India's northwest coast in the second half of April.
The lack of offers in the tender indicates the current tightness in global DAP supply because Chinese producers are focusing on meeting domestic demand, while many other producers have already sold DAP for March-April.
