India: STC issues urea awards, but quantity stuck at 360,000 mt

摘要

Latest reports from Delhi confirm that STC secured acceptance for 360,000 mt urea so far. One cargo of 60,000 mt will have been booked by MTPL per their low offer for Krishnapatnam at $266/mt CFR and Global will have booked the 60,000 mt for Mundra at its $268.50/mt CFR offer plus 60,000 mt at the offered $269.22/mt CFR Pipavav. Pricing for those three lots were the basis for the counters from STC, and thus entailed a simple acceptance on the part of the importer to secure the quantities. Global also booked an additional 30,000 mt.