Key facts
- Pupuk Indonesia closed a tender to buy 100,000t of ammonium sulphate.
- The purchase is for August delivery to its subsidiary Pupuk Petrokimia Gresik (PKG).
- Offers were submitted on a formula price with a variable discount.
- The lowest offer was reportedly around $10/t, though unconfirmed.
- Southeast Asia delivered standard amsul prices were assessed at $247.50/t cfr on June 18.
State-owned Pupuk Indonesia has concluded a tender to purchase 100,000t of bulk standard caprolactam-grade ammonium sulphate (amsul) for delivery in August to its subsidiary, Pupuk Petrokimia Gresik (PKG).
Offers were requested on a formula price with a variable discount. Market participants indicated that the lowest offer was approximately $10/t, though this has not been confirmed by the involved companies.