India: STC floats new urea tender

摘要

India's STC floated a tender for an unspecified quantity of urea to load by May 27. The session is set to close April 10. Procurement in the tender is likely for up to 1.5 million mt urea. Offers are to remain valid through April 17. The session will undoubtedly attract significant selling interest, and speculation on prices obtainable by the importer is already rife. Chinese urea will feature prominently, but recent aggressive quotes from Middle East producers in Brazil and the US are indicative of offers into India well below current prices in China.