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India's Department of Fertilizers is likely to approve a urea import tender next week, though some traders say port stocks must fall further first. Urea stocks at ports exceeded 780,000 tonnes as of 24 June, and payment arrangements for Iran-linked cargoes are being negotiated amid renewed US sanctions pressure.
A pending Indian tender would add significant urea demand, supporting global nitrogen prices, but sanctions-related payment problems could delay it. Port congestion limits near-term buying.
vinachem.com.vnJun 28, 2018After 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.
