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India's NFL urea tender booked 1.47m tonnes for shipment by 22 December, more than most had expected. Suppliers from Nigeria, Algeria, Egypt and China sold at fob levels near Q1 2022 lows because demand from other major markets was weak.
The tender removed large volumes, but with no other buyers stepping in, global urea sentiment stayed weak and fob prices remained under pressure.
profercy.comChris Yearsley25 nov 2022Na 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.
India's NFL tender booked 1.47m t, more than expected, which pushed fob offers toward Q1 2022 lows and signaled weak demand elsewhere, pressuring global urea benchmarks.
