The Indian government delay the next tender,which has clouded the optimism in the urea market this week. The CFR price in Brazil reached US $ 240 / ton last Friday, but have kept stable since then, while Nola FOB prices is US $ 224 / ton, then fell back to US $ 218 / ton. India ‘s urea sales in Dece
RCF's attitude toward bidding is more calm, which makes the urea market always unstable. Unlike the MMTC, the RCF only announced the quantity on November 14th, and the price was partially postponed to 15th. The huge tonnage provided – 3.2 million tons – means that India will be able to get more than
India once again becomes the focusIndia issued a bidding document for the purchase of urea, which was opened in mid-November, and also sent a clear signal that another tender may take place in December. Since India's import demand exceeds 2 million tons, and most other markets are calm, India has on
Despite the price drop $6 to $8/ton in the latest round of tenders in India, producers acknowledge that the current level is as good as the level that could be reached next month.Therefore, in recent bids, MMTC has been able to absorb more than 1.1 million tons of urea from China, the Middle East, E
On October 7th, India MMTC announced a new round of urea import bidding, opening the bid on October 14, and closing the bid on October 21, the schedule will be until November 18.