
India issued an 800,000 tonne urea import tender closing June 12 with shipment by July 17, and officials may raise the volume if prices are low enough. Urea prices kept falling ahead of the tender as Chinese export availability rose and Russian product sat in Baltic ports.
Traders expected offers to fall toward the high-$200s per tonne.
A large Indian tender gives buyers a near-term outlet for surplus supply, but heavy Chinese and Russian availability should pull the clearing price lower. Lower urea costs are bearish for fertilizer input costs for feed-grain producers.
과거 하락 무역 이벤트 81건 이후, 요소은 5거래일 동안 중앙값 -1.0% 변동(상승 28%; 중간 50% 범위 -7.2%~+0.4%), 20거래일 동안 -5.5%.
각 품목 벤치마크의 이벤트 직전 종가 대비 변동. 과거 수치는 같은 유형의 과거 이벤트를 합산한 것으로, 일어난 일을 설명할 뿐 앞으로 일어날 일이 아닙니다. 투자 자문이 아닙니다.
Rising Chinese export availability and Russian product stuck in Baltic ports pressured prices ahead of the India tender, though the announcement came after the window ended on June 2.