
India's 2 million tonne urea tender closes July 7 for shipment by August 22, and Iran and Egypt have resumed production. Iranian urea is offered at about USD 420/tonne FOB, but bids are below USD 400, and Egyptian granular has sold at up to USD 460.
China may release another 2 million tonnes.
The tender price will show whether urea has peaked, since current prices look high against grain values. Additional Chinese volumes could trigger a price correction, while buyers in India and Brazil face affordability pressure.
Setelah 23 peristiwa perdagangan netral sebelumnya, Urea bergerak median 0,0% selama 5 sesi (48% lebih tinggi; separuh tengah -1,1% sampai +1,0%), dan +2,8% 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.