India's Fact seeks 40,000t of 15-15-15 in tender

Indian fertilizer importer Fact has issued a tender to buy two 20,000t lots of 15-15-15.

The tender will close on 9 August, and Fact intends to open offers on the same day.

The importer requests delivery of one cargo to Kakinada and the other to Tuticorin, both on India's east coast.

In both cases, Fact seeks a laycan at the discharge ports of 15-31 October.

In late May, Fact bought two 30,000t lots of 15-15-15 against a tender, paying $342/t cfr duty unpaid, with credit terms of 30 days, for Russian product.

Prices around the latest tender will be higher, following a firming of the market.

Fact's request marks the second major Indian tender for complex fertilizers this week, after fellow importer HURL requested 30,000t lots of 20-20-0+13S.

By David Maher