RCF Calls Urea Tender
RCF called a urea tender to close August 10 with shipment by September 15. The call came shortly after MMTC secured about 700,000 mt against an expected take of 1 million mt. Rules for the tender are the same as the MMTC tender, including the provision that if a trader offers multiple tons to different ports on the same coast and one of those offers is the lowest price for that coast, the offering company must supply all those offered tons for that coast at the lowest price.