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FIS reports AG urea paper found support near $220 per tonne on expected Indian demand after India secured only 628,000 tonnes in its latest tender, well short of requirements. Egypt paper traded at $227 for August, and Brazil small-lot sales reached up to $255/t CFR.
The Nola market remained rangebound after the spring season.
India's need for significant further urea purchases is expected to support global urea prices in the short term. Buyers should anticipate firmer nitrogen costs if another tender follows soon.
fisapp.comEdward Hutton1 jul 2020Tras 176 eventos alcista de comercio pasados, Urea se movió una mediana de +0,1 % en 5 sesiones (51% al alza; mitad central entre -1,3 % y +2,4 %), y +1,6 % 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.
