The State Trading Corporation (STC) of India issued awards totaling 1.187 million mt of urea based on the tender that closed Oct. 31.
As in the past, the STC awards have different prices for different ports. The range is $405.92-$430/mt CFR. The Department of Fertilizer imposed a limitation on East Coast ports, with a maximum of 500,000 mt set for these ports. The rest will need to go to the West Coast.
Awards as of Nov. 6 follow:
| Company Tons Awarded | |
| Amber | 157,000 |
| Dreymoor | 140,000 |
| Transammonia | 140,000 |
| Continental | 130,000 |
| Rare Earth | 130,000 |
| Swiss Singapore | 105,000 |
| AgriCommodities | 75,000 |
| MidGulf | 60,000 |
| Quantum | 60,000 |
| Fertisul | 60,000 |
| Transglobe | 57,500 |
| MTPL | 55,000 |
Talks are reportedly still underway for an additional 200,000 mt. STC had stipulated a validity date of Nov. 7 on all offers.
Based on the offers in the tender, Swiss Singapore and Transglobe will be shipping Iranian tons, and AgriCommodities will be sending Chinese material. The rest of the companies officially offered tons from “open” sources.
Sources expect most of the tonnage to come from China in a move to clear out tons sitting in bonded warehouses.
The potential total amount of urea from this tender will still leave India short by 1 million mt for the rest of the year. As the STC tender closed, sources predicted another tender to be called within the next couple weeks.