MMTC Counters in Urea Tender

MMTC gave a deadline of July 21 at 4:00 pm India time for traders to match the $242.50/mt CFR West Coast and $240/mt CFR East Coast prices. Sources said they do not expect many traders to take up the offer. One trader said MMTC will most likely only get 200,000 mt, necessitating another tender call soon.

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