Importers in Thailand concede that there is demand for additional tonnage, but buyers continue to decline offers into the low $310s/mt CFR. Indications of possible interest in spot positions are in line with Brazilian bids well below $300/mt CFR, but sellers are holding out for better returns. Imports of urea in May meanwhile reached 310,000 mt, up by 25% on May 2014. Deliveries from Saudi Arabia accounted for 134,000 mt, up by 52%, and shipments from Kuwait of 61,500 mt were up from zero in May 2014. Indonesia suffered a major setback with deliveries dropping from 42,200 mt to a mere 3,600 mt.
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