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Rashtriya Chemicals and Fertilizers bought 555,900 tonnes in its urea tender against a target of 1.5 million tonnes. The shortfall led the market to conclude that supply is tighter than expected, and global urea prices rose in the days after.
Urea NOLA swaps traded up to US$401/st.
Smaller-than-expected Indian award volumes signal tighter global supply and push urea prices higher, with the effect carrying into spring ship tonnages.
genesisfertilizers.comCaitlin5 de fev. de 2025Após 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.
Variações do benchmark de cada commodity desde o último fechamento antes do evento. As leituras históricas agregam eventos passados do mesmo tipo; descrevem o que aconteceu, não o que vai acontecer. Não é recomendação de investimento.
India's RCF tender bought only 555,900 t versus a 1.5M t target at higher-than-expected prices, signaling tight global supply and directly pushing urea prices (NOLA swaps up to $401/st) higher during the window.
India's RCF tender secured only 555,900 t against a 1.5 Mt target, so the market concluded supply was tighter than expected and global urea prices rose in the following days.
