Laden…
The latest Indian urea import tender drew over 3 million tonnes of offers, with early indications of the lowest price below $340/t CFR India. Benchmark urea prices fell $15-30/t elsewhere, and the US price dropped about $15/t as the market looked adequately supplied.
Egypt discounted aggressively to move product into Europe and North America.
A large Indian tender with low offers resets global urea benchmarks lower, and aggressive Egyptian discounting adds supply pressure in Europe and North America.
farmingportal.co.za30 mrt 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 Indian import tender drew over 3 million tonnes of offers with indicative lows below $340/t CFR, signalling ample supply and triggering sharp price cuts of $15-30/t across benchmarks, which is directly in line with the 1-day drop ending 2024-04-01.
The Indian tender drew over 3 million tonnes of offers at lows below $340/t CFR, which pushed benchmark urea down $15-30/t and sharply cut sentiment right at the end of March.
The Indian tender drew over 3 million tonnes of offers at below $340/t CFR, signaling ample supply and pulling benchmark urea down $15-30/t in the week ending around April 2.
