
Genesis Fertilizers reports that India's Rashtriya Chemicals & Fertilizers issued an early urea tender on Sept 13, and China announced it would again limit urea exports. Prices eased after the tender drew about 3.62 million tonnes at a lower-than-expected low offer of US$400.50/t CFR West Coast, but suppliers pulled back and only about 525,000 tonnes were offered at that price.
The report also cites Mississippi River low water and a jump in Tampa ammonia prices.
Export restrictions from China plus large Indian tender demand keep global urea supply tight, which lifts nitrogen input costs for feed grain growers and raises the cost base for corn.
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.