Middle East: Muntajat achieves higher granular netback

摘要

Muntajat Qatar achieved a $283/t FOB netback in a contract shipment of granular urea heading for Southeast Asia, according to regional sources. The return is well above perceived yields from markets such as Brazil where latest sales this week into the mid-$280s/t CFR imply netbacks around $272/t FOB with limited provisions for costs and none for a margin to an intermediary.