Middle East producers are set to revise targets for additional sales up rather sharply following the trade at the very end of last week at $270/t FOB. The suppliers are now busy defining pricing strategies for the August 1 MMTC session in India where higher prices are likely to appear. Netbacks from traditional markets this week are assessed in an unusually wide range that reflects substantial volatility that ensued when MMTC finally entered the market again to procure urea.
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