Pupuk Indonesia closes initial round of 90,000 metric ton DAP buy tender

Pupuk Indonesia, the state-owned fertilizer group, closed the initial submission round for a tender to purchase 90,000 metric tons of DAP on August 10, according to market participants cited by Argus Media. The company issued the Pupuk Indonesia DAP tender on August 7 on behalf of four subsidiaries, seeking light or yellow granular 16-45 and 18-46 grade DAP for shipment between September and November.

The four buyers are Pupuk Sriwidjaja Palembang, seeking 30,000 metric tons for delivery to Boom Baru port; Petrokimia Gresik, seeking 20,000 metric tons for Gresik port; Pupuk Kalimantan Timur, seeking 20,000 metric tons for Bontang port; and Pupuk Kujang, seeking 20,000 metric tons for Tanjung Priok or Cigading port. Offers must be submitted on a cost-and-freight basis using 18-46 DAP as the reference grade. The date for the e-auction pricing round has not been announced.

The tender adds fresh procurement demand to a phosphate market already facing tight supply from China’s export restrictions and elevated sulfur costs. Pupuk Indonesia last awarded a DAP purchase tender on July 16 at $877 per metric ton CFR, according to Argus. Phosphate prices globally remain supported by the ongoing disruption to ammonia and sulfur flows through the Strait of Hormuz and Russia’s sulfur export ban, which runs through December 2026.

Source: Argus Media