Russia: Exports of urea through April down by 19.3%

摘要

Competition from other sources such as China in Q1 saw Russian urea exports as identified by customs via GTIS drop by 19.3% to 1.39 million mt in the first four months of 2015. The firmer stance on pricing adopted by Chinese sellers did however help to trigger Russian April exports of 364,000 mt, down by a mere 0.8% on April 2014. Deliveries to Mexico, partly replacing Chinese granular and Ukrainian prills of 49,000 mt were up by 68% on April 2014. Deliveries to Brazil were down by 3.2% to 42,000 mt but exports to Canada of 28,500 mt were up sharply on the prior year. Deliveries to Turkey of a mere 20,000 mt were down by 70% due to competition from China and Iran.