India's NFL opens prices under 29 August urea tender
Indian fertilizer importer NFL has opened prices submitted in its 29 August urea buy tender, which saw the lowest levels at $340/t cfr west coast and $349.88/t cfr east coast, and valid offers totalling 3.87mn t.
OQ Trading offered 400,000t at $340/t cfr west coast, while Ameropa offered just over 136,000t at $349.88/t cfr east coast. These offers are the lowest and set to be automatically accepted as per tender rules.
There were eight other offers in the $340s/t cfr west coast, while the bulk of the east coast offers were in the $350s/t cfr.
Offers to the west coast totalled 1.97mn t and 1.86mn t to the east coast. PIC also offered 45,000t at $362/t fob Bahrain, bringing overall valid volumes to 3.87mn t. One trading firm, which had offered 50,000t to the west coast, was disqualified.
NFL has requested that cargoes load to the end of October. The full breakdown of offers is as below, but there was no confirmation from the parties involved.
| India's NFL 29 August urea tender offers | t | |||||
| Supplier | East coast | $/t cfr EC | West coast | $/t cfr WC | Fob | $/t fob |
| Sun International | 100,000 | 352.40 | 0 | 0 | ||
| Midgulf International | 150,000 | 355.15 | 150,000 | 350.15 | 0 | |
| Agricommodities (ETG) | 150,000 | 363.12 | 47,500 | 345.60 | 0 | |
| RE Energy | 0 | 50,000 | 358.50 | 0 | ||
| Fertistream | 80,000 | 356.00 | 80,000 | 351.00 | 0 | |
| Dreymoor | 100,000 | 374.92 | 100,000 | 367.92 | 0 | |
| Ameropa Asia | 136,300 | 349.88 | 136,300 | 346.48 | 0 | |
| Indagro | 42,500 | 351.00 | 42,500 | 346.00 | 0 | |
| Continental | 100,000 | 357.00 | 100,000 | 341.25 | 0 | |
| Samsung | 135,000 | 352.90 | 135,000 | 345.20 | 0 | |
| Aditya Birla | 200,000 | 353.00 | 200,000 | 345.45 | 0 | |
| PIC | 0 | 0 | 45,000 | 362 | ||
| Hexagon | 50,000 | 357.09 | 50,000 | 355.09 | 0 | |
| OQ Trading | 100,000 | 355.50 | 400,000 | 340.00 | 0 | |
| Coastal Chemical | 90,000 | 360.00 | 90,000 | 353.00 | 0 | |
| Koch | 95,000 | 361.95 | 95,000 | 356.95 | 0 | |
| Keytrade | 50,000 | 359.50 | 50,000 | 355.00 | 0 | |
| Macrosource | 45,000 | 362.00 | 45,000 | 355.00 | 0 | |
| Medallion | 50,000 | 357.50 | 50,000 | 344.50 | 0 | |
| Alkagesta | 45,000 | 356.00 | 45,000 | 350.00 | 0 | |
| Agrifields | 40,000 | 359.00 | 0 | 0 | ||
| Sabic | 100,000 | 357.50 | 100,000 | 345.50 | 0 | |
| Sub-total | 1,858,800 | 1,966,300 | 45,000 | |||
| Lowest | Lowest | Grand total | ||||
| 349.88 | 340 | 3,870,100 | ||||
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Suppliers offer 3.87mn t of urea to India's NFL: Update
Suppliers offer 3.87mn t of urea to India's NFL: Update
Adds breakdown of offer tonnages Amsterdam, 3 September (Argus) — 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. By Harry Minihan 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 Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.
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