# Printing delay, urea aftermarket continue to bullish - Knowledge - Shanxi Beacon Technology Co.,Ltd

> India's RCF urea tender drew about 3.6 million tonnes of offers, with the lowest east-coast price at $279.25/t CFR, well above the expected 1.5 to 2 million tonnes. More than half of the tendered supply reportedly came from China, and Dalian urea futures hit the daily limit up to 1,711 yuan/t.

- Date: 2020-10-21 · published 2020-10-21T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/50944-printing-delay-urea-aftermarket-continue-to-bullish-knowledge-shanxi-beacon
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Heavy Indian demand drawing Chinese export supply tightens global urea availability and supports prices. Analysts warn the futures limit-up move may be an overreaction, so the rally could fade.

## Read by commodity

- UREA: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2020-10-29 | 1 | +3.3% | 4.5 | India's RCF tender drew heavy offers at $279.25/t CFR, mostly from China, and Dalian urea futures hit limit-up on Oct 21, a bullish price signal that likely carried into the Oct 29 rally, though the timing is a week earlier. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2020-08-26 | [Urea Port Delivery Is Not Smooth, Domestic Market Weakness - Company News - News - Shanxi Beacon Technology Co.,Ltd](https://feedsoft.ai/events/51924-urea-port-delivery-is-not-smooth-domestic-market-weakness-company-news-news.md) | -3.3% | -5.4% |
| UREA | 2024-09-27 | [Urea prices continue to firm.](https://feedsoft.ai/events/5248-urea-prices-continue-to-firm.md) | +5.8% | +4.8% |
| UREA | 2020-11-01 | [Urea Is Going Crazy! Is It At The Top? - Industry News - News - ​Hangzhou Jeci Biochem Technology Co .,Ltd.](https://feedsoft.ai/events/7131-urea-is-going-crazy-is-it-at-the-top-industry-news-news-hangzhou-jeci-biochem.md) | -0.7% | +11.4% |
| UREA | 2024-02-05 | [Positive Price Momentum Continues in Urea Market \| CZ app](https://feedsoft.ai/events/31594-positive-price-momentum-continues-in-urea-market-cz-app.md) | +1.4% | +11.5% |
| UREA | 2021-05-28 | [Urea prices rally: PWNI continues to make strong gains, closing in on highs reached in March](https://feedsoft.ai/events/5694-urea-prices-rally-pwni-continues-to-make-strong-gains-closing-in-on-highs.md) | +15.1% | +14.5% |

## Sources

- aminoacidsagrochem.com: https://www.aminoacidsagrochem.com/info/printing-delay-urea-aftermarket-continue-to-b-50705220.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.