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Urea export prices rose from steady levels, with FOB North America reaching about $285/ton, CIS around $255-260, and Southeast Asia, including China, around $290-295. India secured only 370,000 tons of its needs and is returning to buy again, while Pakistan faces a deficit of about 100,000 tons.
India's and Pakistan's import deficits support global urea demand at a time of limited Chinese exports, which keeps international urea prices firm. Continued import tenders would sustain upward pressure on nitrogen prices.
petrotahlil.comApr 23, 2019After 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.
