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China returned to the international urea market this week with about 650,000t of sales, helping India secure 1.2m tonnes in its latest tender, the largest single purchase since December 2020. Lower-priced business followed, with urea offered at $481/t cfr Brazil and fob values softening.
Chinese export supply weakens the global urea rally that began in late April, so nitrogen prices for near-term shipments are likely to ease, though policy uncertainty over future Chinese exports limits the downside.
profercy.comChris Yearsley30 jul 2021Tras 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.
