Urée International: Août
La source: Heure d'information Zhongyu: 2020-08-07
Due to frequent bidding in India, urea prices in many regions have soared to the highest level in the year. After the mmtc bid, RCF announced the news, pushing up the price, leading to an unusual week.
The price in China climbed to 270 USD / T FOB, that in Egypt reached 280 USD / T FOB, that in Indonesia reached 266 USD / T FOB, and that in Brazil reached 280-290 USD CFR / J; In less than seven days, the price has increased by $20-35 par tonne.
India’s demand is great. The arrival from August to September requires 1.5-2 millions de tonnes, and India will support higher prices. The question is, can Western markets accept the high prices after September?
Cette semaine, there were few sales of CFR, and the FOB price in some regions has been higher than the previous CFR value. When prices rise too fast, there is an expectation of decline.
Inde
A record 5.03 million tons were sold in July, highlighting the need for imports. In the third quarter, bidding will be more and more frequent.
Chine
In the traditional trough period, prices were bid up to a new high of $270 per ton this year
Turquie
The buyer refused to quote us $290 / L'Inde n'a pas encore publié le prochain appel d'offres pour l'urée, but the supplier’s target is US $300 / T CFR for the goods in September
ne laissant que de petits commerçants privés vendre de l'urée: producers are in a favorable position, the market is tight, and India’s purchase will allow prices to rise further
