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Urea prices rose sharply at New Orleans and in Brazil after India issued an unexpected tender on September 4. NOLA urea firmed to $423-450/st FOB from $335-360 the previous week, and Brazilian imports rose to $450/mt CFR from $370-375.
The tender followed a notice from Chinese authorities that they would limit urea exports.
A new Indian tender combined with Chinese export limits tightens near-term supply and lifts global urea import prices, raising nitrogen costs for feed and grain producers.
genesisfertilizers.comCaitlin6 de set. de 2023Após 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 unexpected urea tender on Sept 4 and China's export limits triggered sharp price jumps at NOLA and Brazil, matching the timing and size of the one-day move.
India's unexpected September 4 tender and the Chinese export limit notice lifted NOLA and Brazil urea prices sharply, which matches the move through demand and trade flow; the report is dated after the move but describes events before it.
