Granular urea netbacks in the Black Sea are up on higher US values while prills are relatively stable. Prilled urea is indicated available from the Black Sea in the upper $250s/mt FOB, but traders are still bidding lower. Repeat suggestions of a $251/mt FOB purchase last week do circulate, but the price could not be verified with the alleged parties to the transaction. In paper markets, the bid-offer range for May at FIS Cash Settled Swaps April 23 was $258-265/mt FOB while June was posted at $250-258/mt FOB. Postings for July were $245-253/mt FOB.
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