Latest Market News

India's Hurl receives no offers in 20-20-0+13S tender

  • : Fertilizers
  • 24/08/07

Indian public-sector fertilizer company Hindustan Urvarak and Rasayan (Hurl) received no offers against its tender to buy 20-20-0+13S, which sought delivery of 30,000t to India's west coast and 30,000t to the east coast, the company said.

The closing date was 5 August, and the minimum offer quantity was 30,000t.

Submissions were to be opened on 6 August. Offers had to be valid for 30 days from that date.

The lack of submissions to Hurl follows fellow Indian importer Hindalco receiving no offers in its tender to buy 25,000-50,000t each of TSP and various complex fertilizers for end-of-September/early-October arrival.

The complex fertilizers that Hindalco requested were 10-26-26, 12-32-16, 15-15-15, 16-16-16, 16-20-0+13s and 20-20-0+13S.

The lack of offers of NPS/NPK grades in the recent tenders has surprised at least some in the market.

But a tender from India's Fact, which requested two 20,000t lots of 15-15-15 and will close on 9 August, is expected to generate supplier interest.


Related news posts

Argus illuminates the markets by putting a lens on the areas that matter most to you. The market news and commentary we publish reveals vital insights that enable you to make stronger, well-informed decisions. Explore a selection of news stories related to this one.

Generic Hero Banner

Business intelligence reports

Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.

Learn more