
Genesis Fertilizers reports that India's Rashtriya Chemicals & Fertilizers issued an early urea tender on Sept 13, and China announced it would again limit urea exports. Prices eased after the tender drew about 3.62 million tonnes at a lower-than-expected low offer of US$400.50/t CFR West Coast, but suppliers pulled back and only about 525,000 tonnes were offered at that price.
The report also cites Mississippi River low water and a jump in Tampa ammonia prices.
Export restrictions from China plus large Indian tender demand keep global urea supply tight, which lifts nitrogen input costs for feed grain growers and raises the cost base for corn.
Após 176 eventos altista de comércio passados, Ureia subiu em mediana +0,1% em 5 sessões (51% de alta; metade central de -1,3% a +2,4%), e +1,6% em 20.
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