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Urea markets turned positive in late May as China is expected to keep export restrictions in place for June and possibly July. Pupuk Indonesia's tender sold about 140,000 tonnes for June shipment at $312.26/t FOB, and Brazilian buyers paid $315-325/t CFR.
Traders also expect an Indian tender in mid-to-late June.
Continued Chinese export curbs and a likely Indian tender tighten near-term urea supply, which supports higher nitrogen input costs for feed grain production and pushes up prices for the next few months.
czapp.comStein Chingen Haugan28 may 2024Tras 176 eventos alcista de comercio pasados, Urea se movió una mediana de +0,1 % en 5 sesiones (51% al alza; mitad central entre -1,3 % y +2,4 %), y +1,6 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
