About 3,200 workers at Canadian National Railway Co. went on strike at midnight Tuesday, threatening to crimp shipments of oil, potash and grain across the country, according to Bloomberg. Conductors and yard operators at Canada’s largest railway walked off the job after failing to reach an agreement with the company over issues including working conditions and drug benefits, the Teamsters Canada Rail Conference union said.
Awards in the RTF tender have hit 1.7 million tons. Sources said the purchase will most likely mean there will be no urea tender from India in December.
Material from traders is priced at $251.37/mt CFR for the East Coast and $248.38/mt CFR for the West Coast, reflecting a drop in the delivered price of about $20/mt. Urea offered directly from Arab Gulf producers is pegged at $234/mt FOB for a drop in price of about $6/mt.
Shipping is to be done by December 19.
Awards in the RCF urea tender exceed 1.2 million tons. West coast prices were set at $248.38/mt CFR, and East Coast at $251.37/mt CFR. For details of awards, see the Nov. 22 issue of Green Markets.
