Middle East: Granular urea prices up further

摘要

Boosted by prospects of additional demand in the US and from regional markets, Middle East producers have been able to raise netbacks into the $270s/mt FOB this week, up from returns in the $240s/mt FOB in prior deals by traders in Brazil. Local reports confirm that Fertil secured a return close to $275/mt FOB bulk equivalent in a sale of 15,000 mt bagged material to an East African importer, and two cargos of Omani urea have traded close to the Fertil netback for Africa and Australia.