Chinese producers of granular and prilled urea continue to benefit from demand in the domestic market, and the producers as well as local traders have also been able to secure higher returns in sales of both grades for export. Top-off tonnage in multiple lots for exports destined for India against sales via the November 14 RCF tender traded again this week as suppliers to the Indian importer rushed to secure alternative supplies priced as high as $252/t FOB. The deals were up from last week's trades into the upper $240s/t FOB. The added procurement was suggested linked to delays in deliveries to ports under original supply arrangements made at substantially lower prices.
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