Last week, India MMTC launch a new round of bidding, bidding a total of 1.5 million tons of urea, cutting standard time on September 22, shipping date for October, this is one of the largest bidding this year. The industry believes that the bidding or will affect the indication of output and price.

　　This year, India tender Iran urea has price advantage, on September 22, the bidding or will continue to this advantage. The Iranian provides the optimal price for India, is expected to reach $200 cif (tons, the same below). But Iran only 300000 tons of urea production, and the rest of the 1.2 million tons of urea to fill the blank waiting for other regions. Chinese suppliers, inspired by the tender offer better progressly, fob for $195 to $200, plus freight about $10, cif could reach $205 or more.

　　If in this price, the Arabian gulf urea may be more competitive, because the price is much more advantage than the Brazilian market, the Middle East producers to show interest to India also.

　　India has a different place than ever before and the bidding MMTC said, if the price is too high, the tender amount will be less than 1.5 million tons. The industry speculated that, even if the bidding quantity has decreased, India still need to buy urea in China.

　　In other markets, due to the Muslim world during the festival, calm the market. Turkey has begun to cover positions, small granular urea prices basically stable, and large granule urea prices fell.

　　The market next week will be active, India, Ethiopia, Kenya and so on the tender bidding closed date before September 22.