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India's National Fertilizers Ltd issued a tender on May 27 to buy 1.7 million mt of urea, with offers due June 8 and shipment by July 20. Market participants doubted the tender would offset bearish sentiment driven by expected Chinese export quotas of about 3.3 million mt.
Expected Chinese volumes outweigh the Indian tender, so urea prices are likely to stay under downward pressure despite the sizable purchase.
spglobal.comElisavet Levogianni, Lujan Scarpinelli27 may 2026Tras 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.
Market participants said the large Indian tender would not offset bearish sentiment from the expected Chinese export quotas of about 3.3 mt.
Market participants said India's 1.7 Mt tender would not offset bearish sentiment from expected Chinese export quotas of about 3.3 Mt, showing sentiment dominated by supply expectations.
Market participants said the Indian tender (1.7 million mt) would not offset bearish sentiment from expected Chinese export quotas of about 3.3 million mt, so the supply outlook outweighed demand support.
