ANALYSIS
INDIAN MILLING WHEAT TENDERS--
OPENED ON 18.11.2013.
SHIPMENT BEFORE END DECEMBER 2013
============================================
POST
TENDER ANALYSIS REVEALS
1. Bids that may be awarded
business are around $284.70-$289.90 fob/metric ton.
2. Escalation of $25-$29 pmt from the
last tender quote of --$260- is in line with price rise in world markets in
last 35 days.
3. None of the MNCs submitted bids at the highest
level.
4. Large/medium sized traders in
Singapore and Dubai made the highest bid. May be they are taking a new positions.
5. MNCs have virtually revealed values
on which they can fill in their short positions.
TENDER LINE UP
MMTC/KAKINADA - 60,000 MT(EAST COAST)
- AL
GHURAIR
- 284.70 – 30 K/ 277
– 25k
- AVANTI
- 272.09 - 25
K
- AGROCORP
- 285.95 - 50
K
- EMMSONS
- 277.40 - 30
K
- TOEPHER
- 260.00 - 60
K
- CARGILL
- 280.00 – 40
K/282.75 – 30 K
- STARCOM
- 268.00 – 25 K
STC/MUNDRA - 120,000 MT(WEST COAST)
- AMIRA
- 282.00 - 30
K
- AGROCORP
- 280.00 - 50
K
- LOUIS
DREFUS
- 278.28 - 30 K
- EMMSONS
- 278.01 - 30
K
- AGRI COMMODITIES
- 286.20 - 30
K
- AL
GHURAIR
- 285.85 - 30
K
- PROMISING
INTL.
- 279.75 - 30
K
PEC/KANDLA - 90,000 MT (WEST COAST)
- CARGILL
- 280.00 – 40
K
- LOUIS
DREFUS
- 276.12 -
30 K
- CONCORDIA
- 280.26 - 30
K
- AL
GHURAIR
- 284.70 - 30
K
- EMMSONS
- 278.01 - 40
K
- STARCOM
- 268.00 - 30
K
PEC / KRISHNAPATNAM – 70,000 MT(EAST COAST)
- AMIRA FOODS - 70
K 284.70
- AGRI COMMODITIES – 30 K
289.90
- CARGILL – 30 K 279.75
- VITOL – 30 K 273.10
Sir ji
ReplyDeleteThis tender has been short coverings purchases by ETG / ALG / Agrocorp
KAKINADA
Agrocorp from Kakinada is going to supply to Ismile Foods vide their third tender. Incase if Ismile does not perform in this tender and PBG gets en cashed than he will be bared from participation in tenders.
KRISHNAPATNAM
ETG is short for Bangladesh and will fulfill their commitment of 50k from KPTM as they have to complete it by 27/12/2013
KANDLA
AL GURAIR - self consumer
MUNDRA -
ETG either back up for PROMISE pending cargo for Ethiopia or to ETG home country MOZAMBIQUE to their milling unit.
AL GURAIR will prefer to sell their BLACK SEA origination and have covered frm here for their DUBAI unit..
NEXT TENDER - it will be BANGLADESH shorts from VIZAG / CHENNAI
PIPAVA - it will be for DJBOUTI recent tender which is suiting their requirement DECEMBER / JANUARY shipment.
KANDLA / MUNDRA - next tender it will be MID STAR / IFFCO for their own units.