In spite of local urea industry opposition, Trading Corporation of Pakistan (TCP) on May 21 opened its tender for the import of 300,000 mt of urea. TCP has awarded a contract for a quantity of 100,000 mt (50,000 mt firm and 50,000 mt optional) to the lowest bidder, Gavilon LLC, for $522.86/mt CF, with open origin at the seller’s option. TCP received 14 offers, with prices ranging from $522.86/mt to $549/mt.
Other offers received by TCP came from Dreymoor Fertilizers (50,000-200,000 mt at $523.79/mt); Transammonia AG Switzerland (50,000 mt firm and 150,000 mt optional at $526.27/mt); Helm Dungemittel GmbH (50,000 mt firm and 25,000-50,000 mt optional at $526.44-$526.94/mt); Quantum (50,000-100,000 mt at $529.45/mt); Incitec Pivot Limited (50,000-100,000 mt at $529.47/mt); CHS Europe SA, Switxerland (50,000 mt firm and 50,000 mt optional at $529.63-$533.13/mt); Multicommerce LLC (50,000-60,000 mt at $529.73/mt); Agrifert Switzerland (50,000 mt at $532.49/mt); Keytrade AG, Switzerland (50,000 mt firm and 50,000 mt optional at $532.90-$539.90/mt); Toepfer International Asia PTE Ltd (50,000 mt at $536.66/mt); Koch Fertilizer Asia (50,000 mt at $542.99/mt); Samsung C&T Corp. (50,000 mt at $546.50/mt); and Swiss Singapore.(50,000 mt at $549/mt).