The lowest price in the MMTC tender came in at $257.70/mt CFR for the West Coast and $259.50 for the east Coast, both from Swiss Singapore. Total tonnage offered was 1.6 million mt. Of that, about 304,000 mt were offered on an FOB basis from traders and producers. Thirteen companies offered tons but three – Allied Harvest, Amber and Fertisul – ran afoul of requirements related to doing business with Chinese companies.
For a detailed analysis of the tender see the July 31, 2020 issue of Green Markets.