Last week, more stable international market price of urea, consists of the following reasons: With the arrival of prepared fertilizer season, the increased demand of several major markets; the buyer that the price of urea has been in the end and start buying; traders also have the option to buy .
Middle East granular urea FOB at (t price, the same below) $ 265, small particles of urea FOB CIS at around $ 255, the price of Chinese suppliers is slightly lower, at $ 250 FOB. Because of the increased demand will always be maintained until December, manufacturers in maintaining price stability in the Middle East still very confident, but it can be expected that the first quarter of 2016 price pressures will still hit.
An industry conference recently held in India next round of bidding and Chinese suppliers and other topics's response caused widespread concern. It is said that the Indian tender at the end of 10, despite the accumulation of unsold Chinese port of urea has exceeded 100 million tons, but China remains lukewarm reaction suppliers, but also increased the price.
No matter how large or small particles of urea granular urea, suppliers to traders prices are lower than the $ 250 FOB China, India, Southeast Asia and Latin America and other places of the urea market is still weak, FOB is $ 245. Traders bought 11 copies of the Black Sea region of urea granules, FOB at 253 ~ $ 254, in the meantime, demand is expected in Romania, Turkey and southern Europe will rise.
The only area falling prices in the United States. FOB Port of New Orleans is below $ 240, the equivalent of $ 243 FOB Middle East to 244, which means supply the Middle East market will be looking to maintain price stability.