Brazil: Bids are up, but so are offers

摘要

Brazilian demand for granular urea is building, and importers have adjusted bids above $205/mt CFR from last week's low in the mid to upper $190s/mt CFR. Mainstream buyers were indicating interest for parcels off inbound carriers up to $207/mt CFR, but sellers have been holding out for $212-217/mt CFR for fresh positions with a deal suggested completed at the top end of the range.