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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 Yearsley2020/03/27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。
