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India confirms ports for RCF urea tender awards

  • Market: Fertilizers
  • 14/10/24

India's RCF has bought a total of 569,150t of urea from 10 suppliers under its 3 October tender.

Nine suppliers will supply 519,150t to the east coast at $389/t cfr and Liven has sold 50,000t at $364.50/t cfr west coast (see table below).

RCF issued the letters of intent on 12 October. The firm requested loading by 20 November.

Market participants are now waiting for the next Indian urea purchase tender to emerge, with expectations of an issuance in the coming weeks as the market kicks off its Rabi season following a stronger-than-expected monsoon rainfall.

RCF 3 October urea tender awardst
SupplierQuantityPort
ETG50,000Krishnapatnam
ETG50,000Vizag
Koch47,500Gangavaram
Midgulf48,000Kakinada
Samsung31,500Paradip
Sabic50,000Krishnapatnam
Ameropa47,150Krishnapatnam
Fertiglobe45,000Gangavaram
Aditya Birla50,000Gangavaram
OQ Trading50,000Kakinada
OQ Trading50,000Kakinada
East coast sub-total519,150
Liven50,000Kandla
West coast sub-total50,000
Total569,150

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