Indian Subcontinent INDIA

摘要

Producers and traders are busy preparing for theSeptember 26 MMTC tender in India. The importer is likelyaiming to purchase a substantial quantity given the stipulatedshipment window that extends through November 30. TheAugust 26 pricing in the IPL tender at $518/mt CFR Mundraequivalent is unlikely to be repeated. Initial September 26offers to MMTC from the majority of participants will likelyreflect recent spot sales from the Middle East in the $530s/mtFOB, implying delivered values well above $555/mt CFR.India will however still permit imports from Iran, an advantagenot afforded to rival buyers such as TCP in Pakistan.