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Rashtriya Chemicals and Fertilizers bought 555,900 tonnes in its urea tender against a target of 1.5 million tonnes. The shortfall led the market to conclude that supply is tighter than expected, and global urea prices rose in the days after.
Urea NOLA swaps traded up to US$401/st.
Smaller-than-expected Indian award volumes signal tighter global supply and push urea prices higher, with the effect carrying into spring ship tonnages.
genesisfertilizers.comCaitlinFeb 5, 2025After 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.
India's RCF tender bought only 555,900 t versus a 1.5M t target at higher-than-expected prices, signaling tight global supply and directly pushing urea prices (NOLA swaps up to $401/st) higher during the window.
India's RCF tender secured only 555,900 t against a 1.5 Mt target, so the market concluded supply was tighter than expected and global urea prices rose in the following days.
