The limited quantity on offer at competitive prices to MMTC in India from China did enable Middle East producers to secure improved netbacks on spot deals this week. The direct offer from Fertil at $218/mt FOB did trigger an award for 25,000 mt, and SIUCI achieved similar netbacks in sales via traders for a further 80-82,000 mt. An added 60,000 mt purchase from the Middle East suggested concluded by Koch had yet to be fully confirmed at press time, but suggestions were also widespread that as much as 200,000 mt would eventually be committed to the Indian importer for loading by May 23.
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