Hydrite Chemical Co. announced that it is constructing a new three million gallon tank at its Terra Haute, Ind., plant to expand the storage capacity of ammonium thiosulfate (ATS). Hydrite expects the new tank to be completed before year-end. The company also confirmed that it recently completed the construction of a 1.8 million gallon tank at the Terra Haute site to expand potassium thiosulfate (Thio 25-17) storage.
“We are excited to announce the expansion of our already significant storage infrastructure in Terre Haute,” said Nate Ludtke, Executive Vice President, Sales and Business Development for Hydrite. “Every spring brings new challenges, and with this additional storage we will be better positioned to respond to the needs of the market.”
Sources reported a sale by PIC/Kuwait at $385/mt FOB. This marks a $20/mt FOB jump in the region’s spot price in just one week. At this level, the price into India’s West Coast would be $405-$410/mt CFR.
Tampa anhydrous ammonia for
June was concluded at $535/mt CFR, down $10/mt from May’s $545/mt.
Twelve companies offered
a total of 1.5 million mt in the May 25 RCF urea tender. Offers to East Coast
ports were reported at 795,000 mt and offers to the West Coast at 595,000 mt.
Direct offers from Arab Gulf producers Muntajat and Fertiglobe totaled 90,000
mt. Sources said a lot of these offers are double-counted tons, which means
availability is even less than the numbers reflect.
Price envelopes are
expected to be opened Thursday because of the national holiday of Vesak Day on
Wednesday. Sources said current prices in China and the Arab Gulf, combined
with higher freight rates into India, could mean offers will be $400-$405/mt
CFR.
In the end, sources
expect no more than 700,000 mt to be awarded, which would lead to another
tender called within the next couple of weeks.
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