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.
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