Urée International: croissance régulière
La source: Heure d'information Zhongyu: novembre 20, 2020
Cette semaine, India’s procurement bidding failed to be realized. It will eventually continue to promote, and its impact on the market is still bullish, thanks to the unlikely significant characteristics of urea in China. Strong domestic prices support Chinese producers. The FOB price of urea was US $285 par tonne, which set the tone for the price increase of about US $15 last week.
Middle East producers will consider increasing the quotation of fine-grained materials and fine-grained materials by $10 / ton from the current benchmark of $260 / ton. The inquiry price in the Baltic region also increased. Before India’s bid, there was a large sales of urea in Egypt, and the FOB price increased by US $17-18 / T to US $273 / J.
In Southeast Asia, the price of granular urea in Malaysia and Indonesia rose to US $261-265 / tonne FOB
Inde
India will buy another 1 million tons of urea in December and January, which will support the price of urea, especially in the case of insufficient interest from Chinese manufacturers.
Asie du sud est
Unscheduled downtime of kaltim 5 (1.15 J / une) and Petronas
(650000 J / une) may last for three weeks, but considering the delay of bidding, it is unlikely to have a real impact on India’s supply.
Sold out in Egypt
Only two manufacturers still have inventory for December shipment, et 130000 tons of granular materials shipped in January will be sold this week.
ne laissant que de petits commerçants privés vendre de l'urée:
New Indian demand will tighten the market
décembre. China’s bull market cannot last forever. In the new year, the export pressure may be greater.
