As the Indian bidding is now over, urea prices are adjusted in most regions. The price of urea in the Middle East is $270/ton this week, while the FOB price in Egypt is $265/ton. Traders have sold China's granular urea at $270/ton FOB and bet that the price will fall below $270/ton FOB. Limited dema

This week's attention is focud on India, MMTC is buying a lot of urea in India. LOI’s will not be released until July 5, so the exact amount is not certain, but it should be 1.6-1.7 millions tons for the bid on July 1st.. The agreed price between the two parties is FOB $283-284 /ton in the Middle Ea

On the evening of June 24th, India's MMTC announced that the urea was not quantitatively tendered, the bid will be opened on July 1and closed on July 8. The EID is August 16. This is the third tender for this fiscal year. On May 1st, India purchased 741,500 tons.

The market is very strong throughout July The nitrogen market is strong compared to other fertilizers, and manufacturers are smiling at the IFA meeting in Montreal this week. The general consensus is that firm pricing will continue. The price of urea rose slightly this week, with FOB price of 290 US

Last year's IFA meeting coincided with a very bullish period in the urea market, and it looks like it will be repeated this year, with one major exception. Prices rose by $25-30/ton from 12 months earlier, thus leaving less room for potential increases. Higher prices seem to have a firmer basis. Off