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India will announce a new tender of urea import

Views:3     Author:Site Editor     Publish Time: 2020-05-07      Origin:Site

India's MMTC announced that it will issue a tender for urea imports on May 7, and the latest shipping date is June 15. It is said MMTC want to purchase more than 1 million tons if prices are acceptable.


Sales in India increased in April and are expected to increase by at least 200,000 tons over the same period, and due to factory shutdowns, urea production has also been affected, the production of urea is lower than target.


In the last tender, the final bid was 750,000 tons, only 90,000 tons were sent to West Coast ports, so some supplements are needed.


It is said due to the decrasing in freight and FOB prices, the price may drop by US $ 10-20 / ton in the upcoming printing bid



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