Baltic Sea: Uralchem claims higher netbacks for prills

摘要

Uralchem reported sales of prilled urea over the week for Latin America in combination with other grades around $270/t FOB, but did not provide further details. The return suggested closely matches the netback to Grodno as highlighted in the Belarus item. Sales of granular urea in Brazil up to $315/t CFR imply returns to producers around $285/t FOB when allowing for costs and a small margin to an intermediary, while the Grodno sale of 25,000 t at a netback close to $290/t FOB marked the high end for the week.