Awards in the RTF tender have hit 1.7 million tons. Sources said the purchase will most likely mean there will be no urea tender from India in December.
Material from traders is priced at $251.37/mt CFR for the East Coast and $248.38/mt CFR for the West Coast, reflecting a drop in the delivered price of about $20/mt. Urea offered directly from Arab Gulf producers is pegged at $234/mt FOB for a drop in price of about $6/mt.
Shipping is to be done by December 19.