Due to limited supply in the east and strong demand in the west, the urea market will strong by the end of this year. China's output fell, and exports stopped. The supply in Southeast Asiais unstable, Saudi Arabia's Safco may remain in a slump until mid-January, further restricting exports. Seasonal

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

India's RCF made a new record, awarding 2.184 million tons, which is the first time that more than 2 million tons have been purchased in a bid. The bidding confirmed the current prices and put many suppliers in an advantageous position in the first half of November.Driven by the upward spiral of the

India’s RCF bid dominated the urea market, resulting in insufficient liquidity this week, and prices basically stagnated. The price in China later fell to a low FOB of $260/ton, but this was one of the few clear changes. Most buyers in Europe and Brazil did not buy, and the price was not tested.The

The urea market strengthened later this week, driven by rising spot sales in the Middle East before India’s bid. The market has been volatile, trading within a narrow range until it is confirmed that the transaction price is $10/ton higher than the last reported transaction. This has prompted a seri