Laden…
Genesis Fertilizers reports that India's Rashtriya Chemicals & Fertilizers issued an early urea tender on Sept 13, and China announced it would again limit urea exports. Prices eased after the tender drew about 3.62 million tonnes at a lower-than-expected low offer of US$400.50/t CFR West Coast, but suppliers pulled back and only about 525,000 tonnes were offered at that price.
The report also cites Mississippi River low water and a jump in Tampa ammonia prices.
Export restrictions from China plus large Indian tender demand keep global urea supply tight, which lifts nitrogen input costs for feed grain growers and raises the cost base for corn.
genesisfertilizers.comCaitlin27 sep 2023Na 176 eerdere opwaarts handel-gebeurtenissen bewoog Ureum zich mediaan +0,1% over 5 sessies (51% hoger; middelste helft -1,3% tot +2,4%), en +1,6% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
