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India's RCF urea tender offered about 3.1 million tonnes, with Middle East urea rumoured near USD 325/tonne FOB and Russian prilled urea near USD 270/tonne FOB. Chinese urea is expected to return to export markets in late May and early June, with second-half exports estimated around 4 million tonnes.
Heavy offered volumes from India, Russia, the Middle East and China, plus lower Indian imports as domestic output rises, point to weaker urea prices in the coming months.
czapp.comStein Chingen Haugan2 abr 2024Tras 81 eventos bajista de comercio pasados, Urea se movió una mediana de -1,0 % en 5 sesiones (28% al alza; mitad central entre -7,2 % y +0,4 %), y -5,5 % 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.
The large RCF tender offer volume, low Middle East and Russian FOB price talk, and expected return of Chinese exports point to weak demand and plentiful supply, pushing prices down.
