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India issued its first urea tender of 2025 for 1.5 million tonnes, with shipment spread into June. The announcement alone lowered urea prices by $7 to $12 per tonne.
Ammonium sulfate and nitrate prices were little changed, and world MAP prices had risen $25 to $30 per tonne since early March.
The tender's long two-plus month delivery window is pressuring urea prices lower, while rising phosphate prices raise the cost of DAP and MAP. Buyers of phosphate-based inputs should expect higher costs even as nitrogen eases.
wrightonthemarket.comWright Team2025年3月30日在过去 81 次看跌的贸易事件之后，尿素 在 5 个交易日内中位数变动 -1.0%（28% 上涨；中间一半区间为 -7.2% 至 +0.4%），20 个交易日内为 -5.5%。
在过去 193 次看涨的贸易事件之后，DAP 在 5 个交易日内中位数变动 +0.4%（54% 上涨；中间一半区间为 -0.3% 至 +1.8%），20 个交易日内为 +1.9%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
India's first 2025 urea tender of 1.5 Mt marks the demand return that sets up price recovery, though the announcement initially lowered prices and the timing is a few days ahead of the move.
