On July 30, mmtc India urea bidding tender that the underlying purchase received a total of 29 standard quotation, 285 million tons of. 25 million tons of optional amount. Lowest offer from CFR284.44 Indagro USD / ton (Dong Haian), 60000 tons of open source. Appear this price is also unexpected, reasonable.
From the point of view of the trend of international urea market, near section time transaction prices decline, yuzhny a trader procurement 0.5 million tons of urea granules, the transaction price in FOB $260 / ton; Ukraine opz company small particles urea, clinch a deal the price in FOB $270, Iran's August the ship during the period of large particles offer on FOB $270 are in early August shipment, all the signs are that, the prices in the short term is hard to change the downturn trend, so to be offering tonnes at this level from investment and the price also belong to reason.
Back analysis of Chinese goods, Chinese ports to to the east coast of India ocean freight in 10 U.S. dollars / ton, in the removal of the costs of FOB China should control in order to near $271 slight profit, calculated according to the exchange rate of 6.1, accounting to Hong Kong price in the $1500-1520 / tons attached near, the price appears for domestic factories really is a test according to the cost, and consider the domestic price, supply only may from the northwest of the factory, also small particles of port port stored does not exceed 30 million tons, India's schedule on September 3,, time tension in the short term low to unable to organize a large number of sources of still unknown.