Italy: Spot shortages support high quotes

摘要

Italian importers of granular urea are posting prices at/above ?265/mt FCA in big bags from terminals in the north, attempting to take full advantage of spot shortages as the application season comes to an end. Given costs from CIF in bulk to FCA in big bags around ?27/mt, the offers reflect numbers in the $270s/mt CIF, duty paid with credit, substantially above quotes based on availability of tonnage from Egypt at $233/mt FOB.