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IPL India's tender for 78,000t of urea for mid-May shipment offered returns around $725/t fob Middle East, more than $230/t below the highest March price for April shipments. A comparable Indonesian sale for 45,000t of granular urea was also concluded at a similar fob level.
Latin American and US demand softened, with Nola barges volatile.
Lower Indian tender levels and weak Western import demand push urea values down, which lowers nitrogen input costs for feed grain production and reduces pressure on feed prices.
profercy.comChris Yearsley29 abr 2022Tras 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 IPL tender and an Indonesian sale cleared at around $725/t fob, more than $230/t below the March peak, which reset price benchmarks lower, and Latin American and US demand softened.
IPL tender at about $725/t fob Middle East, more than $230/t below the March peak, reset global urea price benchmarks sharply lower, and a comparable Indonesian sale confirmed it.
The IPL tender result of about $725/t fob, more than $230/t below the March peak, along with a similar Indonesian sale and softer Latin American and US demand, reset price benchmarks lower on the day.
IPL tender returns near $725/t fob, more than $230/t below the March peak, along with an Indonesian sale at similar levels and softer Latin American and US demand, reset price benchmarks lower.
