A leading global group comprising companies operating in the resources arena. The Group’s primary business interests include fiber, pulp & paper; crude palm oil and related businesses; oil & gas; viscose fiber; and engineering, procurement and construction with presence in Singapore, Indonesia, China, Hong Kong, Philippines, Malaysia, and Finland.

Sodium Sulfate RFX

Sodium Sulfate, FOB Zheng Jiang – estimated 7000 MT/month (+/- 10%) for a term of 3 months.

7 qualified suppliers from Indonesia, Malaysia and China invited and participated.

around USD 624,000

Bidding in one single lot. Bidding period set to be 30 minutes. Any new bids coming in the last 3 minutes would extend the period by 3 more minutes. Bidders could see their rank only. Transformational bidding was adopted to compensate different purity of different suppliers.

The whole bidding lasted for 96 minutes with 72 bids and 22 extensions.