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India's National Fertilizers Ltd secured about 1.18 million tonnes of urea in a tender with shipments to end-October, with awards pending. Middle East and Baltic suppliers were expected to supply most of the volume at firm netbacks.
Large Indian purchases tighten near-term supply and support global urea prices. Strong import demand from India is a key bullish driver for nitrogen markets.
profercy.comChris YearsleySep 6, 2024After 176 past bullish trade events, UREA moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
