MMTC expected to take 1 million mt of urea – Alert
About 1 million mt of urea from the Black Sea, China and Iran will soon be heading to India under the MMTC tender that closed last week. The Indian buying house counterbid at US$284.44/mt CFR for East Coast ports and $288.40/mt CFR for West Coast ports. Awards have already been issued to cover 780,000 mt to nine companies. An additional 200-250,000 mt is expected to be awarded by the end of the week. Details of the tender results will be found in the Aug. 10 issue of Green Markets.