Sources report that TCP disqualified the offer by Dan Moody Investments of Hong Kong in the last of four tenders that closed last week. According to industry watchers, the Dan Moody Investment tender of $312.22/mt CFR was disqualified or refused because the company was missing some paperwork demanded by TCP. The second place company in the tender was Dreymoor at $316.79/mt CFR.
The Dreymoor price is more in line with the trend sent in the three previous tenders. Prices dipped from $318.72/mt CFR to $318.39/mt CFR to $317.40/mt CFR. Sources were shocked at the low-ball price from Dan Moody. As of Monday morning, TCP has not yet issued awards in the tenders, say sources in Asia.