Ameropa came in with the lowest prices in the MMTC urea tender for East Coast and West Coast deliveries at $356.99/mt CFR and $358.99/mt CFR, respectively. The lowest price from a producer was $348/mt FOB from PIC. Sources had expected prices to be in the mid-$360s/mt CFR going into the tender. The lowest offered prices reflect a drop of $23/mt for East Coast deliveries and a $21/mt drop for West Coast deliveries. All told, 2.2 million mt to 2.58 million mt were offered in the tender. Sources still expect to see MMTC take more than 1 million mt with Chinese urea dominating the supply.
Transparency Across the Fertilizer Value-Chain