Malaysia: Petronas reports improving urea netbacks

摘要

Petronas said February 14 that netbacks to the producer on sales of granular urea for export have improved in recent weeks. Petronas indicated that returns are now no lower than $265-270/mt FOB, although contract shipments to Thailand are assessed yielding no better than $272-275/mt CFR, for a $260/mt FOB, at best.