All Posts from January 10, 2019

MMTC Calls Urea Tender

Breaking Industry News, Urea

The much-anticipated urea tender from India was announced by MMTC. The tender will close Jan. 16 with the last cargo to be shipped by Feb. 28.

International traders are expecting to see softer prices in this tender compared to the $333-$335/mt CFR awarded in the Nov. 2018 tender. Estimates of the tonnage MMTC will take range from 700,000 mt to 1 million tons. Sources said the final take will depend on the final price.

For a further discussion of the tender and the urea market, see the Jan. 11 issue of Green Markets.

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