MMTC to Buy 1.7 Million MT of Urea

Awards in the MMTC urea tender totaling 1.71 million tons were given to 12 companies. About 800,000 mt is supposed to come from China. However, sources said producers may have shorted their product and might have only 400,000 mt available for the shipping time frame of the tender. Prices were set at $292.63/mt CFR for East Coast deliveries and $295.97/mt CFR for the West Coast.