Italy: Granular urea arrivals stack up

摘要

Italian purchases primarily of granular urea have been stacking up with buyers now suggested in a comfortable position. Close to 20,000t Turkmen granular urea will be shipped in February from Poti to Ravenna by a major trader, sold at $400-405/t CFR duty paid basis. This provides theoretical netbacks to Egypt in the mid $380s/t FOB.