The global urea market is now on a steady rise. The reporter traced the situation of foreign media to the related international market. As the price of urea went up further, many suppliers had already sold the goods in June, and now they began to focus on the sales work in July.

In the global market, Brazil is buying continuously, and the supply of urea in Asia is generally tight, and there is still more demand. What is particularly worth mentioning is that the price of urea in Indonesia once surprised us. Sales in the North African market are also active, and people are no longer waiting for India's tender results. An international trader summed up the recent international urea market.

It is understood that as a vane of North African urea prices, the current offshore price of urea (FOB) in Egypt is more than $250 / ton, and the price of Algeria is at US $255~260 / ton (FOB). Because most of the recent transactions are to replenish inventory, the destination of most Egyptian goods is still unclear.

Arabia Bay market this week the price of urea reached $250 / tonne (FOB), of which the main exporter of the United Arab Emirates was Brazil. Although the truck driver strike in Brazil had just subsided, the country's logistics was seriously damaged, but since Brazil's shopping season was ahead of the previous year, many buyers started early. The price of urea in Brazil has been rising since it started to stock up. Another big urea supplier in the region, Oman, sells goods to traders.

Market demand in Southeast Asia is also strong. Indonesia sold more than 30 thousand tons of urea at a price of 251.75 US dollars / ton (FOB) this week, which exceeded the expectations of most buyers.

The US urea price has slowed down after the rapid rise last week, and the volume of trading has also decreased, which is in line with the expectations of the previous market. The US market is trading at US $225~230 / ton (FOB) in June, and the market will keep rising.

For a prosperous market, some cool traders are puzzled. "I don't know who is paying for these high prices." A trader who is suspicious of recent market conditions said: "if the price of urea continues to rise at the present rate, the market will soon collapse."

Although the news of delayed bidding in India urea has been partially digested by the market, it may still have a negative impact on the international market price. Due to US sanctions, domestic sales and transfer to the field and payment of goods, Iran's next tendering will take place within 2~4 weeks. The market in Europe Turkey is relatively calm, and the market volume is also very low.

As for the Chinese market, the decline in domestic urea prices, as well as the end of the fertilizer season in some provinces, means that opportunities for Black Sea and other sources of exporters will be reduced again.

The demand of Brazil and India will be the key factors to decide the price trend of urea after market. The international urea market is expected to remain stable for 6~7 months as a large number of goods have been put on the market.