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

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

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 /

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