Urea prices rose sharply at New Orleans and in Brazil after India issued an unexpected tender on September 4. NOLA urea firmed to $423-450/st FOB from $335-360 the previous week, and Brazilian imports rose to $450/mt CFR from $370-375.
The tender followed a notice from Chinese authorities that they would limit urea exports.
A new Indian tender combined with Chinese export limits tightens near-term supply and lifts global urea import prices, raising nitrogen costs for feed and grain producers.
過去の強気な貿易イベント176件の後、尿素 は5営業日で中央値 +0.1% 動き(51% が上昇。中央50%は -1.3% から +2.4%)、20営業日では +1.6% 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。
India's unexpected urea tender on Sept 4 and China's export limits triggered sharp price jumps at NOLA and Brazil, matching the timing and size of the one-day move.
India's unexpected September 4 tender and the Chinese export limit notice lifted NOLA and Brazil urea prices sharply, which matches the move through demand and trade flow; the report is dated after the move but describes events before it.