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BFI of Brunei sold 6,000t of granular urea at about $710/t fob in a tender closing 12 March. Larger cargoes command premiums because they can be shipped to Australia.
Local Australian urea prices reached A$1,200/t, up at least 45pc from pre-war levels.
Southeast Asian supply is tight as Indonesia and China are short, and Australia is competing for cargoes, so regional urea prices are being pushed higher. Costs for Asia-Pacific feed and grain producers rise accordingly.
argusmedia.comHarry Minihan25 mar 2024Tras 205 eventos alcista de geopolítica pasados, Urea se movió una mediana de +0,4 % en 5 sesiones (53% al alza; mitad central entre -2,1 % y +3,0 %), y -0,4 % 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.
