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Indian Potash Limited's 20 October urea tender drew confirmations for just under 1.7 million tonnes at $400-404/t CFR for December shipment. Middle East material supplied at least a third of the volume at netbacks in the mid-to-high $380s/t FOB, and Indonesian export licences added about 200,000 tonnes.
Producers had earlier targeted over $400/t FOB, and African suppliers were less keen on India.
A large Indian purchase that still came in below producer targets suggests urea prices will soften after the tender, which pressures nitrogen costs for feed-grain and forage growers.
profercy.comChris Yearsley2023/10/27過去の弱気な貿易イベント81件の後、尿素 は5営業日で中央値 -1.0% 動き（28% が上昇。中央50%は -7.2% から +0.4%）、20営業日では -5.5% 動きました。
イベント直前の終値からの各商品ベンチマークの動き。過去の傾向は同種の過去イベントをまとめたものであり、起きたことを示すもので、今後を示すものではありません。投資助言ではありません。
