Offers for granular urea from mainstream suppliers are available around an even $245/mt CFR, but some have also been willing to move marginally below the $240/mt CFR marker again this week as importers decline the higher quotes with no counters. A trader regularly shipping from that origin is offering Egyptian granular down to $238/mt CFR for minimum 5,000 mt parcels, while small 1-2,000 mt lots have traded into Paranagua at $241-243/mt CFR. Parcels of Middle East granular have been offered at $242/mt CFR by another trader. Overall, the market is now down to hand-to-mouth trading for May, but demand is expected to resurface for larger volumes in June.
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