Urea price in last week drop suddenly came to a halt over the weekend, as Egypt reduced its natural gas supply to urea factories again. Despite India having a large inventory, a tender was still issued on Monday. With the possibility that China will hardly export urea until at least August, the mark

DAP price rebound in ChinaDue to strong domestic demand and low plant construction in China, the offshore price of low-end DAP in China has increased by $5 per ton. This week, India imported only 45000 tons of Saudi DAP, indicating that traders lack the willingness to continue short selling the mark

There has been a wave of urea purchasing frenzy in Egypt, with offshore prices rising by about $30/ton to $310/ton, and total sales may exceed 250000 tons.Most of Egypt's procurement is mainly aimed at the European and Türkiye markets. Due to the intervention of traders to make up for the short sell

India has purchased 120000 tons of DAP and tendered an additional 210000 tons. The price continues to decline, with trading prices ranging from $515-519 per ton of CFR. Hindalco's bid price has dropped to $508 per ton of CFR, but the pace of price decline is slowing down. In other parts of South Asi

Urea prices have remained stable this week, but sales prices in the Middle East in June were $10-15 per ton lower than most regions.A trading company may buy a batch of June goods at a low price below FOB270 USD/ton, which is lower than the FOB280-295 USD/ton traded for most of this week. Meanwhile,