Letters of Intent were sent out by MMTC for 549,000 mt to be delivered by June 21. The difference between what was expected to be awarded and the final number was only 1,000 mt, which was reflected in the Swiss Singapore award. The trader was awarded 45,000 mt instead of the estimated 46,000 mt. Sources said a new tender for urea could be called as early as next week. The buyer will face higher prices.
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