
India bought 1.7 million tonnes of urea in its latest tender with little counter-negotiation, signaling ample global supply. Around one million tonnes are expected from China, mostly prilled product that Brazil cannot readily use.
Brazil's September to December import window is now the key test for global prices.
Granular sellers that lost the Indian outlet must place tonnes in Brazil, so the product mismatch could pressure urea prices in the coming months.
Setelah 81 peristiwa perdagangan bearish sebelumnya, Urea bergerak median -1,0% selama 5 sesi (28% lebih tinggi; separuh tengah -7,2% sampai +0,4%), dan -5,5% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.