
Global urea activity stayed subdued through November as buyers awaited results of an Indian urea tender. The November 26 tender filled only 1.4 million tonnes of a 2.5 million tonne requirement, with India struggling to secure volume as Chinese exporters stayed largely out.
Chinese phosphate exports were down sharply over the first ten months of the year, keeping phosphate markets stable, while DTN retail data showed most fertilizer prices rising in early November.
Under-filled Indian tenders and limited Chinese export availability keep global nitrogen and phosphate supply tight, supporting fertilizer prices. Feed buyers should expect input costs to stay firm, which weighs on feed margins.
Na 683 eerdere neerwaarts handel-gebeurtenissen bewoog Maïs zich mediaan -0,2% over 5 sessies (47% hoger; middelste helft -1,7% tot +1,6%), en +0,3% over 20.
Na 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.
Na 193 eerdere opwaarts handel-gebeurtenissen bewoog DAP zich mediaan +0,4% over 5 sessies (54% hoger; middelste helft -0,3% tot +1,8%), en +1,9% 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.
The Indian tender on Nov 26 filled only 1.4 of 2.5 million tonnes with Chinese exporters largely absent, signaling weak global demand and buyers holding back, which is bearish for urea prices ahead of Dec 1.