India’s RCF Calls Urea Tender

Rashtriya Chemicals called a urea tender March 13 to close Monday, March 22 with a shipment deadline of April 28. If the current Chinese urea price of $335-$340/mt FOB holds, offers could be $355-$360/mt CFR for the East Coast, which would set a new high price paid. Going into the tender, traders were predicting prices around $365/mt CFR.