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World urea quotations fell after India's RCF tender, where the government bought only about 800,000 t against roughly 1.3 million t offered. Trading companies had accepted lower counter-offers, and Chinese prilled urea intended for India has few alternative markets.
Buyers in Brazil and elsewhere are seeking lower prices.
Oversupply of Chinese urea and weak buyer demand point to lower nitrogen prices, which eases fertilizer costs for grain and feed producers. The next Indian tender is expected to be used to test whether prices fall further.
newclothmarketonline.comTexman7 abr 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.
