Brazil AMERICAS

摘要

Urea prices have frmed this week and a trader has bought a substantial quantity of granular urea at $200/t cfr Santos covering existing sales and to free up urea on an incoming vessel. This marks the end of a near continuous fall in prices over the past 2-3 months. Low prices have cut the number of cargoes being loaded for Brazil in the Arabian Gulf, with currently only two traders – Ameropa and Koch - offering and quoting $205-210/t cfr.