Indonesian importer CJ Indonesia has awarded its 16 November tender to buy 6000 t of ammonia at US$390/t cost and freight (cfr), US$13/t below its previous purchase price.
The price reflects current market sentiment in east Asia. The buyer has not disclosed the supplier but Indonesian producer Petrokemija Gresik is linked to the deal.
The cargo has been requested for delivery to Gresik port over 25 – 27 December.
CJ Indonesia last purchased a cargo from Petrokemija Gresik in mid-September at US$403/t cfr for a cargo that was delivered during 22 – 24 October.