Traders short on prior sales in Europe, and those convinced that prices for urea will continue to increase despite no major changes in market fundamentals have continued to push urea values up over this week to most recent sales into the $250s/mt FOB from Egypt. As has been reported in individual entries, major gains were realised, initially by North African producers, but perception of strength also triggered purchases of Middle East granular from $230/mt FOB, via $237/mt FOB and subsequently into the low to mid $240s/mt FOB.
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