Suppliers offer 3.87mn t of urea to India's NFL: Update
Adds breakdown of offer tonnages
Indian fertilizer importer NFL has opened technical offers for its 29 August tender to buy, with 22 valid offers totalling 3.87mn t of urea.
Offers to the west coast total 2.016mn t and 1.809mn t to the east coast. There was 45,000t offered by PIC on a fob basis, bringing overall volumes to 3.92mn t. One trading firm, which offered 50,000t to the west coast, was disqualified.
OQ Trading led west coast volumes with 400,000t, while Aditya Birla offered the most to the east coast with 200,000t. Prices are expected shortly. The breakdown of offer tonnages is likely to match the accompanying table, although there has been no confirmation from the parties involved.
| India NFL 29 August urea tender (t) | |||
| Supplier | West coast cfr | East coast cfr | Fob |
| Sun International | 50,000 | 50,000 | 0 |
| Midgulf International | 150,000 | 150,000 | 0 |
| Agricommodities (ETG) | 150,000 | 47,500 | 0 |
| RE Energy | 0 | 50,000 | 0 |
| Fertistream | 80,000 | 80,000 | 0 |
| Dreymoor | 100,000 | 100,000 | 0 |
| Ameropa Asia | 136,300 | 136,300 | 0 |
| Indagro | 42,500 | 42,500 | 0 |
| Continental | 100,000 | 100,000 | 0 |
| Samsung | 135,000 | 135,000 | 0 |
| Aditya Birla | 200,000 | 200,000 | 0 |
| PIC | 45,000 | ||
| Hexagon | 50,000 | 50,000 | 0 |
| OQ Trading | 100,000 | 400,000 | 0 |
| Coastal Chemical | 90,000 | 90,000 | 0 |
| Koch | 95,000 | 95,000 | 0 |
| Keytrade | 50,000 | 50,000 | 0 |
| Macrosource | 45,000 | 45,000 | 0 |
| Medallion | 50,000 | 50,000 | 0 |
| Alkagesta | 45,000 | 45,000 | 0 |
| Agrifields | 40,000 | 0 | 0 |
| Sabic | 100,000 | 100,000 | 0 |
| Sub-total | 1,808,800 | 2,016,300 | 45,000 |
| Total | 3,870,100 | ||
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