
Urea markets turned positive in late May as China is expected to keep export restrictions in place for June and possibly July. Pupuk Indonesia's tender sold about 140,000 tonnes for June shipment at $312.26/t FOB, and Brazilian buyers paid $315-325/t CFR.
Traders also expect an Indian tender in mid-to-late June.
Continued Chinese export curbs and a likely Indian tender tighten near-term urea supply, which supports higher nitrogen input costs for feed grain production and pushes up prices for the next few months.
Setelah 176 peristiwa perdagangan bullish sebelumnya, Urea bergerak median +0,1% selama 5 sesi (51% lebih tinggi; separuh tengah -1,3% sampai +2,4%), dan +1,6% 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.