US: April plunge in arrivals aided recent price strength

摘要

Even though the plunge in US urea imports during April was expected, much of the marketplace did not forecast quite such a decline as was reported this week by the US Department of Commerce. April arrivals fell to 695,753 st (631,183 mt) from 1.06 million st (963,427 mt) one year earlier. Apparent denial on the part of many traders about the April volumes likely fueled the strong prices seen in May's barge market.