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India's RCF urea tender closed on 3 October for shipments to 20 November, coinciding with escalating Middle East tensions that lifted derivatives and physical offers. Egyptian granular urea rose $17/t in under five days to about $387/t FOB, and US Gulf barge prices exceeded $330/t FOB Nola for the first time since June.
Middle East suppliers are the primary source for India, so risk to those cargoes and the firm tender outcome support higher global urea prices and nitrogen input costs.
profercy.comChris Yearsley4 de out. de 2024Após 205 eventos altista de geopolítica passados, Ureia subiu em mediana +0,4% em 5 sessões (53% de alta; metade central de -2,1% a +3,0%), e -0,4% 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.
The Indian tender and Middle East tensions lifted physical offers and NOLA barge prices, but the article is dated Oct 4, after the move, so it is a partial confirmation.
