China: Domestic urea prices rebound ahead of India tender

摘要

Chinese domestic urea prices rebounded on last week, ahead of India's next tender via RCF which closes 22 July. Fears over possible repercussions for local producers targeting urea exports over the domestic market appear to have waned. More cargoes are being delivered to ports or bonded warehouses at Yantai and Tianjin ports, driven by a large spread between Chinese domestic prices and international prices.