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World urea quotations fell after India's RCF tender, where the government bought only about 800,000 t against roughly 1.3 million t offered. Trading companies had accepted lower counter-offers, and Chinese prilled urea intended for India has few alternative markets.
Buyers in Brazil and elsewhere are seeking lower prices.
Oversupply of Chinese urea and weak buyer demand point to lower nitrogen prices, which eases fertilizer costs for grain and feed producers. The next Indian tender is expected to be used to test whether prices fall further.
newclothmarketonline.comTexman7 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.
