The Sri Lankan government has announced the maximum price that private-sector importers can pay for imported cargoes for the first quarter of 2019.
These prices have been set in line with the lowest prices offered for each of the fertilizer products in a recent government tender to buy urea, TSP and MOP.
The government has reduced the ceiling price for imported urea to qualify for subsidy to $326.90/t cfr with 180 days' credit, from $338/t previously.
The price of TSP has been raised by $3.74/t to $317.74/t cfr, while the price of MOP has been increased from $329/t to $349/t cfr, including 180 days' credit.
The ceiling price of ammonium sulphate has been set at $138/t cfr.
Sri Lankan Ambassador to Iran Mohammad Sharif Anis said that his country is after bolstering economic relations with Iran, voicing hope that the upcoming opening of Tehran-Colombo direct flights further improve interactions between the two countries.
Last week, the Chinese Ministry of Ecology and Environment (MEE) announced in a statement that it will adopt more targeted and efficient policies as part of its campaign against pollution in the year 2019.
The Iranian Ministry of Petroleum (MOP) has planned to vet the qualifications of Iranian companies cleared as E&P firms to develop oil and gas projects.
According to National Bureau of Statistics, China - world's largest consumer and importer of iron ore has witnessed crude iron ore production at 68.89 MnT in Nov'18, highest in CY'18. The production for the month witnessed slight rise as against Oct'18 production at 68.82 MnT.
According to National Bureau of Statistics, China - world's largest iron ore consumer and importer of iron ore has witnessed production at 519.99 MnT for Jan-Aug'18, down 66% as against same duration previous year (Jan-Aug'17) at 863.22 MnT.
After observing increase in last 9 months, China’s steel output has fallen in August.