Urea market continues to weaken

摘要

Urea prices have continued to correct for another week, with suppliers chasing business in the few markets that are active. Chinese urea has dropped to around $290/t fob. Baltic prills have been sold at prices netting to the $270s/t fob and a Middle East granular cargo is reported sold at $297/t fob. These all mark a drop of about $10/t over last week.