Urea Internazionale: il prezzo si attenuerà quando il mercato sarà depresso
fonte: Zhongyu tempo di informazione: settembre 11, 2020
sintesi
Prices will ease when the market is depressed
Urea prices fell in a slow trading week. As India did not buy, major western market activities continued to be depressed and prices lacked sufficient support. Egypt’s crude oil price fell to a low of 265 Dollari americani / il tuo, the black sea level fell to 250 Dollari americani / il tuo, and China’s crude oil price fell slightly to about 260 Dollari americani / il tuo.
Despite the price drop, suppliers are reluctant to significantly reduce their quotation because many suppliers are in a favorable position after the recent large sales to India. Inoltre, they are well aware that another bid will be announced soon, possibly as early as next week.
India still needs to buy heavily until January, while Brazil and Europe should increase their purchases later this month. This shows that the current price weakness may be short-lived, and its duration will depend on the timing of Indian bidding.
L'India non ha ancora emesso il prossimo round di offerte per l'urea
Cina
Suppliers show a strong desire to export to India. Ora, the shortage of logistics is coming one after another, which may become an obstacle to the next round of bidding.
India
As of September, China’s domestic auto sales remained stable, but still far higher than the same period last year. This will keep Rabi’s large imports until January next year.
Egitto
The supplier reduced the quotation to attract European buyers. tuttavia, in order to encourage active replenishment of inventories, it may need to fall further.
30-60 L'India non ha ancora emesso il prossimo round di offerte per l'urea
Stable to slightly weak
Prices may continue to fluctuate until India starts buying again.
