Last week, the global supply of nitrogen fertilizer market, this will lead to a steady decline in price.

　　Fob China urea by $201, less than $200 less. Port stocks estimates that in 300000 ~ 400000 tons, at present there are still a small amount of the last time the winning of the goods shipped to India.

　　India next tender as early as in mid-july, the country's port stocks currently has more than 800000 tons, and about 800000 will be landed. Traders expected, once the market recovery, traders IPL will intervene, supply pressure will be revealed.

　　Latin America's west coast has certain purchasing potential, Mexico, Peru and Chile buyers with fob $200 purchase of urea in China. Incofe this week to 20000 tons, 10000 tons of large granule urea and other products.

　　The Baltic fob urea fell to $180. Pressure caused by the high number of sales to the black sea supply price in Turkey, although now fob has fallen to $180, but the future is expected to tender price will be lower.

　　Fob north Africa still hovers around $190. Algeria goods fob price is larger than $190 has not been accepted, no deal last week.

　　Fob Egypt is still higher than $190 of Egypt's largest fertilizer plant Abu Qir received a $180 bid after the bid will be cancelled.

　　Due to exchange rate fluctuations and corn prices decline, the Brazilian market oversupply, prices under pressure.

　　The American market is slowing, fob port of New Orleans as low as $170, and trading volume is very limited.

　　Most European trade co., LTD., is to fulfill the order before. To reduce exchange rate uncertainty, leading to new business.