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India's NFL urea tender booked 1.47m tonnes for shipment by 22 December, more than most had expected. Suppliers from Nigeria, Algeria, Egypt and China sold at fob levels near Q1 2022 lows because demand from other major markets was weak.
The tender removed large volumes, but with no other buyers stepping in, global urea sentiment stayed weak and fob prices remained under pressure.
profercy.comChris Yearsley25 nov 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.
India's NFL tender booked 1.47m t, more than expected, which pushed fob offers toward Q1 2022 lows and signaled weak demand elsewhere, pressuring global urea benchmarks.
