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The Profercy World Nitrogen Index fell for a third straight week as urea softened in most major regions. India booked about 800,000t for April shipment against 1.332m t offered, leaving near 1m t of Chinese availability.
Chinese prilled offers dropped to the high $320s/t fob, and Egyptian offers fell to at least $370/t fob.
Excess Chinese supply and India's smaller-than-offered purchase are pressuring global nitrogen prices lower, which lowers the input cost outlook for fertilizer-linked feed and grain production. Buyers are holding out for lower prices, so further softness is likely until the next tender.
profercy.comChris Yearsley9 apr 2021Na 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.
