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FACT ammonia tender update
Nov 21: 8The Fertilizer and Chemical & Travancore Ltd (FACT) has awarded its 14th of November 2018 Tender to Qatari producer Muntajat at US$380/T CFR. The price is US$5/T lower than the previously purchased non-Iranian product.
8FACT requested 4000 T of ammonia for delivery to Kochi in between 6th to10th of December 2018. An offer was received from Trammo, but market participants said the company only offered supply for a part of FACT's requirement.
8A new tender has been issued for 7500 T (+/- 5%) of ammonia for delivery to Kochi between 29th of December 2018 and 2 January 2019. The closing date for the tender is 21st of November, with bids to remain valid until 28th of November 2018.

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