
The latest Indian urea import tender drew over 3 million tonnes of offers, with early indications of the lowest price below $340/t CFR India. Benchmark urea prices fell $15-30/t elsewhere, and the US price dropped about $15/t as the market looked adequately supplied.
Egypt discounted aggressively to move product into Europe and North America.
A large Indian tender with low offers resets global urea benchmarks lower, and aggressive Egyptian discounting adds supply pressure in Europe and North America.
После 81 прошлых событий (события «торговля»: медвежий) Мочевина в среднем изменился на -1,0 % за 5 сессий (28% вверх; средняя половина от -7,2 % до +0,4 %) и на -5,5 % за 20.
Изменения бенчмарка каждого товара относительно последнего закрытия до события. Исторические данные объединяют прошлые события того же типа; они описывают случившееся, а не то, что произойдёт. Не является инвестиционной рекомендацией.
The Indian import tender drew over 3 million tonnes of offers with indicative lows below $340/t CFR, signalling ample supply and triggering sharp price cuts of $15-30/t across benchmarks, which is directly in line with the 1-day drop ending 2024-04-01.
The Indian tender drew over 3 million tonnes of offers at lows below $340/t CFR, which pushed benchmark urea down $15-30/t and sharply cut sentiment right at the end of March.
The Indian tender drew over 3 million tonnes of offers at below $340/t CFR, signaling ample supply and pulling benchmark urea down $15-30/t in the week ending around April 2.