LONDON (ICIS)--The Indian urea tender has had a stabilising effect on global prices, with MMTC absorbing almost 950,000 tonnes of the world’s supply until mid-October. 1.MMTC purchase lends support 2.Chinese supply limited for now 3.Freight costs up on Saudi attack The volume purchased was above expectations, and so were the offers on a cost and freight (CFR) basis although the Arab Gulf offer, at $254/tonne FOB (free on board), was lower than expected.
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