India's Fact issues buy tender for 20-20-0+13S

Market: Fertilizers
18/11/24

Indian importer Fact has issued a fresh tender to buy two 20,000t cargoes of 20-20-0+13S, closing on 25 November, after receiving no offers in its previous tender.

Fact has asked for the NPS to be shipped in two 20,000t cargoes on or before 25 December, the first for arrival to Tuticorin and the second to Kakinada.

Fact had previously issued a similar purchase tender for the same grade that closed on 15 November, but received no offers. The importer did receive one offer in its 15 November buy tender for 40,000t of 15-15-15, but it has not opened the price.

A spot sale of 25,000t of Saudi 20-20-0+13S was sold into India last week at $400/t cfr duty unpaid, a similar level to the last business concluded for the NPS grade.

By Nykole King

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