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World urea quotations fell after India's RCF tender, where the government bought only about 800,000 t against roughly 1.3 million t offered. Trading companies had accepted lower counter-offers, and Chinese prilled urea intended for India has few alternative markets.
Buyers in Brazil and elsewhere are seeking lower prices.
Oversupply of Chinese urea and weak buyer demand point to lower nitrogen prices, which eases fertilizer costs for grain and feed producers. The next Indian tender is expected to be used to test whether prices fall further.
newclothmarketonline.comTexman7 Apr 2021Setelah 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.
