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India's National Fertilizers Ltd issued a tender on May 27 to buy 1.7 million mt of urea, with offers due June 8 and shipment by July 20. Market participants doubted the tender would offset bearish sentiment driven by expected Chinese export quotas of about 3.3 million mt.
Expected Chinese volumes outweigh the Indian tender, so urea prices are likely to stay under downward pressure despite the sizable purchase.
spglobal.comElisavet Levogianni, Lujan Scarpinelli2026年5月27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%。
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。
Market participants said the large Indian tender would not offset bearish sentiment from the expected Chinese export quotas of about 3.3 mt.
Market participants said India's 1.7 Mt tender would not offset bearish sentiment from expected Chinese export quotas of about 3.3 Mt, showing sentiment dominated by supply expectations.
Market participants said the Indian tender (1.7 million mt) would not offset bearish sentiment from expected Chinese export quotas of about 3.3 million mt, so the supply outlook outweighed demand support.
