Slow and steady for urea as market awaits direction

摘要

LONDON (ICIS)--Lack of supply is keeping global urea prices firm, but business is thin due to confusion about future market direction.“It’s very frustrating. Don’t know where urea is going. Market is so fragmented,” said a senior trader. Arab Gulf and Egyptian prices touched the $280/tonne FOB (free on board) mark on trader-led buying, but the volumes concluded were limited to 30,000 tonnes out of Oman and 8,000 tonnes from Egypt.