Memuat…
State buyer RCF issued an urea import tender in India on 21 March, closing 30 March, with shipments required by 5 May. India then announced a nationwide lockdown and several Indian ports issued force majeure notices, but the tender was still expected to proceed.
Global urea demand has been weak, and North African producers cut prices by $15-20/t to find liquidity.
A large Indian import tender would normally support urea prices, but weak importer demand, port disruption and force majeure notices are pulling the other way. Expect soft offers in the near term unless the tender draws strong bids.
profercy.comChris Yearsley27 Mar 2020Setelah 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.
