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The Profercy World Nitrogen Index fell 3.06 points to 181.47, its first decline of 2021, as urea values softened, particularly in the east. Activity stalled while buyers awaited the outcome of India's urea tender, which drew acceptances of just over 1.3m tonnes, mostly to be supplied from China.
Prices also fell in the Baltic and the Middle East as sellers lowered expectations to secure orders.
India's need to import more urea in Q2 supports demand, but thin activity elsewhere has pushed prices lower. Feed buyers should expect urea costs to ease in the near term while the Indian tender is absorbed.
profercy.comChris Yearsley26 mar 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.
