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MMTC Tender Closes with Lower Prices

October 14, 2019Breaking Industry NewsSteve Seay

Initial results from the MMTC urea tender that closed today showed a softer urea market. The lowest offers were $6-$7/mt lower than the previous tender. About 2.4 million mt were offered by 12 trading houses and three Arab Gulf producers.

Dreymoor came in at $269.89/mt CFR with the lowest West Coast price. Samsung had the lowest East Coast price at $270.27/mt CFR. The last tender has prices of $276/mt CFR and $278/mt CFR for each respective coast.

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