Urea prices continued to rise this week, highlighting the continued strength of the market. As traders purchased for March, the price of Egyptian pellets rose by US$15 to a FOB (fob) of US$350 per ton, a 6-year high. Due to demand from Latin America, the price of Chinese product is US$326 per ton. D

2021 bull market begins At the beginning of this year, the urea market was as bullish as last year, and people's attention is now focused on the market west of Suez. Since Christmas, driven by the increase in grain prices, the price of barges in the United States has exceeded $20 per ton because the

This week, the market has been speculating about the consequences from last week’s US tariff ruling, adjusting trade flows and preparing for the first quarter. The ruling imposed preliminary import goods duties from Morocco’s OCP, Russia’s Phosagro and Eurochem Russia. Since the investigation began

India MMTC urea bidding situation India's MMTC for urea bid on 1th, Dec, and the latest shipping schedule is 6th, Jan. They received 13 supplier quotes, totally of nearly 2.44 million tons. The lowest price, west coast Dreymoor at CFR 284.77 USD/ ton for 200,000 tons, and east coast Swiss Singapore

News of India’s upcoming tender has boosted the price and popularity of the urea market. Earlier in this week, prices fell due to lack of support from the terminal market. Indonesia has the highest bid (only 6000 tons), the FOB price is 253 US dollars / ton, and the lowest target is 260 US dollars /