Few new trades, but undertone distinctly softer

摘要

Limited demand and continuing cuts in Group DF output curtail trade in prilled urea out of Yuzhnyy, but indications of possible interest from traders for nearby markets are back down into the $310s/mt FOB following trades in Turkey at an even $320/mt return to sellers. Producers are still seeking netbacks in the mid-to-upper $320s/mt FOB, but offers in that range fail to attract purchasing interest. OPZ likely covered the AFT sale in Turkey marginally above $315/mt FOB.