Sales of about 1.2 Mt granular and prilled urea to MMTC to load by November 18 were not sufficient to stem or reverse the bearish undertone that prevailed in global urea markets immediately following the Indian tender where more than 2.2 Mt were offered firm. The sales served to alleviate inventory pressure in China and the Middle East, and FSU producers did also benefit from the outlet, but sales from all sources of urea to load beyond November 18 are few and far between. Importers in Brazil and in most European market are aware of the limited sales from North Africa, and are set to continue to push for lower prices for product to be loaded in November and beyond.
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