Bangladesh’s BCIC receives offers in phosacid tender

Market: Fertilizers
18/11/24

State-owned Bangladeshi fertilizer importer and producer BCIC received offers ranging from $1,163-1,213/t P2O5 cfr equivalent in its tender to buy 10,000t of merchant grade phosphoric acid, which closed today.

Trading firm Gentrade FZE made the lowest offer, for Moroccan phosphoric acid, at $628.10/t cfr, or $532.10/t fob.

Guangxi Pengyue Eco-Technology — a subsidiary of China's Guizhou Chanhen Chemical — offered at $629.91/t cfr, or $542.91/t fob.

And trading firm Sun International offered South African acid at $631/t cfr, or $538/t fob.

BCIC is likely to have received no offers in its 29 October tender to buy 10,000t of the same grade of phosphoric acid.

By Tom Hampson

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