Skip to main content

India's GSFC has awarded a tender to buy DAP

Published by
Dry Bulk,


Indian fertilizer importer GSFC has awarded its 13 June tender to buy DAP to trading firm Aries, according to Argus Media.

The initial tender requested 115 000 t, but GSFC has purchased 125 000 t in the mid-US$430/short t cfr including 90 days' credit. The price equates to around US$430-432/t cfr (cash).

The first 50 000 t has been loaded on the Mary Lina and will be discharged on India's east coast. The second cargo, consisting of 75 000 t of brown and white DAP, will be shipped to the west coast by early August.

GSFC has also purchased another 50 000 t from a trader, market participants said, but this has not been confirmed by both the parties.

Read the article online at: https://www.drybulkmagazine.com/dry-bulk/10072018/indias-gsfc-has-awarded-a-tender-to-buy-dap/

You might also like

Golden Ocean Group reports “weak” second quarter results

Golden Ocean Group has published its results for the quarter ended 30 June 2019, with a key highlight being a net loss of US$33.1 million, a dramatic increase on the loss of US$7.5 million reported in the first quarter of this year.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Minor bulks news Dry bulk shipping market


 

Dry Bulk is not responsible for the content of external internet sites.