International Urea Market

Urea prices goes down this week, and only a few markets active.

Prices in the Americas have fallen again, and despite limited trade, prices in Nora and Brazil are all fall.

Egypt has a wide range of trade, and most of the prices are low. And then some traders established positions at the FOB price of US$960/ton.

The African West Coast market continues to seek solutions to the problem of tender, but there are still a few months before the application begins. At present, buyers have taken almost no urgent action.

India may will receive a substantial amount again after the bidding to day. Participation in this tender is very high, and the price is nearly US$90/ton lower than the November tender.

Market influence factors

Ice conditions in the Baltic Sea

Due to concerns about ice conditions, freight rates at some Baltic ports have risen sharply this week, which give a threat to sellers’FOB prices, and buyers also stimulate trade in order to obtain guarantees.

India's import demand

Maybe it is the last bidding this week before March. Other markets are more sensitive to the performance of prices above US$800/ton CFR, but if India’s purchases are much higher than the expected 1.2-1.3 million tons, then it effat the price again.

European natural gas prices

The price of natural gas in the TTF center and other parts of Europe reach a new record high price this week, about 60 US dollars per million British thermal units, squeezing the profits of producers.

30-60 day outlook

In the context of the European energy crisis, India’s quantity is still unclear, but the market has no momentum. The goal of global importers is to reduce the prices, and traders have shown limited short-term willingness.