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The international urea market was quiet after a low-volume Indian tender that drew about 433,500 tonnes at netbacks near USD 345-348 per tonne. Granular potash prices eased, while processed phosphates were largely inactive outside Pakistan.
Ammonia stayed flat on limited supply.
Weak buying interest and sellers' reluctance to discount point to softer urea and potash prices until new tenders or demand emerge.
czapp.comStein Chingen HauganJul 21, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
