Malaysia: Petronas yet to reveal Sipitang destination

摘要

Petronas is yet to reveal the destination for the cargo of granular urea reported booked last week to load from Sipitang in early November. As was indicated in prior updates, the producer claimed a netback in the low $350s/t FOB for the cargo. No further spot sales were reported this week, but the producer stated that netbacks from the domestic market and cross-border deliveries remain some $10/t higher.