Fertilizer: urea market warmer

In just two weeks, the international urea market from the state to the strong weak. Last week Eugene, America and Middle East market prices are rising, Egypt and China urea prices also found support and stop the decline.

The middle of large granule urea traders purchase transactions FOB prices between 325 ~ 330 dollars, 12 at the end of the month of shipment. The United States of New Orleans port from 1 to 2 early next year supply of goods FOB also raised to 320 to 325 dollars per ton, according to the current low freight, equivalent to $320 in the Middle East fob. Because of the inadequate supply of natural gas, the Egyptian large granule urea production again affected, December prices hit bottom, FOB price of $345. Ukraine manufacturers currently sales target on the domestic market, most of the urea production from December to February next year they will meet the domestic demand, forcing traders have to raise prices to execute the order of December, clinch a deal the FOB price has been raised to $316. China small granular urea several traders did not buy enough of the plan for the next year 1 month exports to India, China's supply of goods FOB last week rose back to 285 ~ 286 dollars.

Market turnaround prompted several major buyers back into the market purchase, which will support the 2015 January before urea market remains strong. The United States market demand, to form a strong support to the large granule urea, but with the completion of the shipment to India, the Black Sea prilled urea orders have been fulfilled, so the small particles urea market may see weak late. (Zhang Guimin)