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Urea prices rose sharply at New Orleans and in Brazil after India issued an unexpected tender on September 4. NOLA urea firmed to $423-450/st FOB from $335-360 the previous week, and Brazilian imports rose to $450/mt CFR from $370-375.
The tender followed a notice from Chinese authorities that they would limit urea exports.
A new Indian tender combined with Chinese export limits tightens near-term supply and lifts global urea import prices, raising nitrogen costs for feed and grain producers.
genesisfertilizers.comCaitlin06.09.2023Nach 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.
India's unexpected urea tender on Sept 4 and China's export limits triggered sharp price jumps at NOLA and Brazil, matching the timing and size of the one-day move.
India's unexpected September 4 tender and the Chinese export limit notice lifted NOLA and Brazil urea prices sharply, which matches the move through demand and trade flow; the report is dated after the move but describes events before it.
