Urea market sentiment turns cautious after Indian tender

摘要

LONDON (ICIS) -- The Indian urea tender has taken centre stage, with the lowest offer - in the high $230s/tonne CFR (Cost and Freight) - coming in lower than expected. -India likely to keep tendering -Chinese supply increasing -Brazilian buyers get cautious Indian demand is expected to be healthy over the next few months but the sentiment is turning cautious because of China’s return to the export market.