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India's RCF urea tender offered about 3.1 million tonnes, with Middle East urea rumoured near USD 325/tonne FOB and Russian prilled urea near USD 270/tonne FOB. Chinese urea is expected to return to export markets in late May and early June, with second-half exports estimated around 4 million tonnes.
Heavy offered volumes from India, Russia, the Middle East and China, plus lower Indian imports as domestic output rises, point to weaker urea prices in the coming months.
czapp.comStein Chingen Haugan2 apr 2024Na 81 eerdere neerwaarts handel-gebeurtenissen bewoog Ureum zich mediaan -1,0% over 5 sessies (28% hoger; middelste helft -7,2% tot +0,4%), en -5,5% 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 large RCF tender offer volume, low Middle East and Russian FOB price talk, and expected return of Chinese exports point to weak demand and plentiful supply, pushing prices down.
