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

India's MMTC purchased nearly 1.8 million tons of urea this week, which is close to the highest level in history. This will greatly increase the amount of urea from different sources, so that suppliers can still rest assured in October. As traders cover the current prices, FOB prices have basically

According to the latest report, eight of the nine suppliers accepted the bid in India's RCF tender on August 10. The details are as follows:Midgulf 186.5Ameropa 199.5Koch 50Continental 50Amber 45Dreymoor 147Swiss 141Samsung 139A total of 958,000 tons. If all the above are confirmed, then three biddi

On July 17, India MMTC received a bid for a total of 2.057 million tons of bids from 15 suppliers. The lowest price on the east coast was 240.5 CFR USD/ton provided by Samsung, and the lowest price on the west coast was 242.5 CFR USD/ton provided by Midgulf.Generally, the domestic FOB price is calcu

Why traders were willing to sell for glory rather than profit in India's bid remains a mystery. Indian institutions are purchasing on behalf of the government, regardless of whether the price is $300/ton or $200/ton cfr, they will buy the same amount of urea. Someone has to be L1, but why lower it?H