Middle East: SIUCI sale for March loading reported

摘要

Traders regularly lifting granular urea from SIUCI in Oman report that the producer secured a return around $270/t FOB for a 50,000 t cargo to be loaded early March. This is significantly above netbacks achievable from current global markets, and the cargo is likely destined for loading against a prior sale to EABC in Ethiopia. Some regional sources suggest that the actual price agreed may have been $5-10/t lower.