Prices fall further on continued oversupply

摘要

The global urea market deteriorated further over this week, and the outlook for the coming 30 days remains bleak for producers. Oversupply of prills and granular persists, and prices are set to remain under pressure despite purchasing as planned on the Indian Subcontinent. India, Pakistan and Bangladesh will likely be tender for about 800,000 mt for loading by the end of June, but this is still regarded as insufficient to provide support to international prices.