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The Profercy World Nitrogen Index fell 3.06 points to 181.47, its first decline of 2021, as urea values softened, particularly in the east. Activity stalled while buyers awaited the outcome of India's urea tender, which drew acceptances of just over 1.3m tonnes, mostly to be supplied from China.
Prices also fell in the Baltic and the Middle East as sellers lowered expectations to secure orders.
India's need to import more urea in Q2 supports demand, but thin activity elsewhere has pushed prices lower. Feed buyers should expect urea costs to ease in the near term while the Indian tender is absorbed.
profercy.comChris Yearsley26 mrt 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.
