Before March 17th, India purchase does not determine the number of urea tender, as at 24, the bidding has ended, the 24 bid, a total of 2 million 500 thousand tons, the west coast of the United Arab Emirates bids the lowest price is 90 thousand tons of urea bid price of $212 / ton CIF India, at about $222 / ton, the lowest east coast for the Gulf of Arabia urea bid price of 227.97 CIF, bid price of other east coast are higher than the basic $230 / ton CIF India, including Chinese in the company's bid price of 60 thousand tons of urea......
India has been open tender price and quantity, the validity of the tender as of March 29th, which means that the 25 -29 days will be held during the negotiations, the price and the number of bids have been identified.
Marking progress more than half, the price is low, and the schedules for April 30th, 60% of the successful delivery of goods to the west coast to the east coast of India, the distance freight only about 12 dollars / ton China, the situation is not ideal, based on the east coast of 227.97 U.S. dollars / ton CIF, the exchange rate is 6.88, and Chinese urea to Tianjin and other major ports the price is about 1420 yuan / ton, compared with China's Shandong Mesopotamia urea factory price 1590-1620 yuan / ton, really not worth winning with domestic urea goods, as for our 125-130 million tons in Hong Kong, the storage time of nearly 3 months as part of the Hong Kong deposit should be the amount of the bid, so in India before the opening Hong Kong has kept part of urea, return home.
Of course, India may be the lowest price through the west coast and the east coast to the hundreds of thousands of tons and 1 million tons, may not even Chinese what things urea, valid until 29 this month, although not expected, but still always concerned about the progress. Please pay attention to China fertilizer network.
After reading the printed label, China's urea companies really India is usual pulled down the entire international urea market price, we still look forward to our destination in 2016 second to fifth of the Urea Export Countries - Mexico, United States, South Korea and Indonesia, and other Southeast Asia's demand for urea!
The first is the United States, the price is the lowest point in the international market, of course, to be launched in the spring and summer market demand, then the recovery will soon. In 2017 January China exports to the US is only 22 thousand tons of urea, the customs will be released February data, in March the United States has good import shipments arrangement of urea only about 550 thousand tons, is half of the same period in 2016 also slightly lower, the three new urea capacity has normal operation, so the Chinese urea, only the amount of the gap.
The second is Mexico, not a large number of imports, exports to Mexico in 2017 January China urea was only 31 thousand tons, in view of China's total urea port kept has been in the 125-135 million tons of domestic urea and new wave, ports have been much, so in April the United States, such as Mexico and Indonesia to the market for Chinese urea in terms of the gap should be slightly larger.
Then South Korea, in January China exported 50 thousand tons of urea, the first place, the gap should not be short.
In short, while marking progress more than half, no expectations, the United States and Mexico have no big progress, but after all, China's urea first year zero tariff, after all these areas there will be a gap, we have to continue to look forward to China urea new export opportunities; in view of China's domestic industry operating rate rise in urea (Inner Mongolia Guizhou four at the same time, a company preparing to resume production) the coal price is slightly strong, long term urea utilization rate still variable, the adjustment of agricultural planting structure, real estate prices, industrial and agricultural demand variables exist, so we still need to pay close attention to the industry Urea Export dynamics.