Last week could be the end of the week of urea prices, the increase in trading volume and the India bid again and the rumors of a reduction in the supply of market tightening.

In this situation, the price of nitrogen fertilizer is slightly stable, local area prices rebound.

Middle East urea traded offshore price of $185 (ton), compared with the previous week increased by $4. U.S. market prices have risen 10 to 15 U.S. dollars, which is the first rise in 3 months. Brazil prices did not fall but rise about $5 CIF price to $200.

Urea prices continue to decline in China is gradually recovering its price competitiveness. There have been several large granular urea FOB price of 185 to 188 dollars a deal.

This round of price rebound remains to be seen. Only 2 to 3 weeks after the first two urea price rebound, and then began to fall. The rebound is expected to be a brief process, but the future price is lower than the current price is unlikely.

Last week came news of India MMTC will tender 8 ~ September shipment of urea. IPL's bidding increased competition for suppliers and forced prices to fall. The new tender is only about 500 thousand tons, is expected to Iran suppliers are unlikely to throw out a lower offer, which gives other regions, especially in China to supply the opportunity, but also a certain amount of support for the global price.

Currently worth the wait and see the main market is the United states. Over the past two months by low impact, the shore yield only about 270 thousand tons and 700 thousand tons in September trading volume significantly reduced compared to last year. U.S. CIF has risen to $193 but need to rise $10 to attract the spot trading.