MMTC Tonnage Corrected
Indian state-owned MMTC closed a urea tender over the year-end holidays. Thirteen companies offered about 2.5 million mt, in firm and optional tons, not the 5.6 million mt originally reported. The tonnage was changed to reflect a corrected reading of the tally sheet presented to Green Markets.
The low price for the East Coast came from Surya Global at $258.48/mt CFR. The West Coast low price was from Midgulf at $255.20/mt CFR, These prices represent about a $7/mt jump since the RCF tender from November 2019. In addition, Muntajat offered the lowest producer price at $244/mt FOB, which was up about $8/mt from the last tender.