Pupuk Indonesia closes tender to buy amsul

State-owned Pupuk Indonesia has closed a tender to buy 30,000t of bulk standard caprolactam-grade ammonium sulphate (amsul) for shipment to two different ports by the end of October to early November.

Pupuk requested that bids be submitted based on a formula price with an added premium. The range of premiums offered by participants was around $13/t, bringing delivered prices to a low-mid $150s/t cfr.

Pupuk Indonesia requested for 20,000t of amsul in a single shipment to Gresik port for Petrokimia Gresik, to be delivered by the fourth week of October. It also requested for 10,000t of standard amsul in a single shipment to Cigading port for Pupuk Kujang, to be delivered by the first week of November.

By Dinise Chng