
India's NFL urea tender on 2 September drew about 5.6 million tonnes of offers from 25 suppliers, though the figure includes short positions and double counting. Lowest offers were $462.45/t CFR east coast India and $464.70/t CFR west coast, and sentiment has shifted lower.
Parallel tenders from Dangote in Nigeria and EABC in Ethiopia are also in the market.
Heavy supplier readiness and a wide pool of origins point to a looser global urea balance into Q4, which pressures prices. The depth of the correction depends on how many Chinese tonnes are committed to India.
Setelah 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.