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International urea prices lifted this week on demand from Australia and the US, with a Qatar Energy sale at USD 380/tonne FOB and a Vietnamese cargo reported at USD 405/tonne FOB. NOLA barges traded at USD 297 to 333 per tonne, and buyers in Brazil and Europe are holding back.
Prices are expected to hold until Chinese exports resume in April.
Spring import demand from the US and Australia supports urea prices, but expected Chinese export resumption could pressure them later. Thin buying from Brazil and Europe limits near-term upside.
czapp.comStein Chingen Haugan26.02.2024Nach 176 vergangenen Ereignisse (bullisch, Handel) bewegte sich Harnstoff im Median über 5 Handelstage um +0,1 % (51% höher; mittlere Hälfte -1,3 % bis +2,4 %) und über 20 Handelstage um +1,6 %.
Veränderungen des Benchmarks jedes Rohstoffs seit dem letzten Schluss vor dem Ereignis. Historische Werte bündeln frühere Ereignisse derselben Art; sie beschreiben, was passiert ist, nicht was passieren wird. Keine Anlageberatung.
Late-February report of urea prices lifting on Australian and US demand and firm FOB sales shows tightening trade flow and buyer momentum just before the 1 March move, with prices expected to hold until Chinese exports resume.
