returning with two tenders to buy 100,000t of urea each, after having cancelled the ones issued earlier this month.
One tender is for deliveries in four 25,000t shipments to Chittagong, while the other is similarly looking for four 25,000t lots for delivery to Mongla. Both tenders close on 9 April and request that the urea is bagged.
Urea supply in Bangladesh has tightened sharply since war broke out in the Middle East, with all of the country’s 1.2mn t/yr production probably offline due to increased LNG costs, while deliveries from its long-term suppliers in Qatar, the UAE and Saudi Arabia have been cut off by the effective closure of the strait of Hormuz.
The country typically imports over 1mn t/yr of urea to bridge the shortfall between domestic output and consump-tion, which ranges up to 2.4-2.5mn t/yr.
Bangladesh is back in the import market – Bangladesh
26
Mar
