Brazil: Trades in granular dip to $470s/t CFR

摘要

Latest trades in granular urea off inbound carriers and vessels yet to load were booked by Brazilian buyers down to an even $470/t CFR, according to local sources. Sales over the week include parcels of up to 12,000 t booked at $470/t CFR, and prior deals up to $474-475/t CFR at the very end of last week. The sales are down from last reporting- week’s high end assessed at $480/t CFR via confirmed trades.