SunSirs: Urea India Bidding Landed on September 9
September 14 2022 14:26:43 SunSirs (John)
Product Name: Urea
The latest price (September 9): 2,525 RMB/ton
On September 9, India's urea import bidding was launched, and a total of 2.251 million tons were received. The lowest price on the West Coast was 668.15 US dollars/ton CFR, and the lowest price on the East Coast was 675.25 US dollars/ton CFR.
In this tender, India is seeking to buy about 1 million tons of urea. The lowest price on the east coast is roughly equivalent to 4,260 RMB/ton from Shandong, 4,210 RMB/ton from Shanxi, 4,300 RMB/ton from Hebei, and 4,140 RMB/ton from Ordos.
This time, the price difference between the internal and external disks was about 1,700-1900 RMB/ton, which greatly boosted market confidence. However, domestic urea exports are still subject to legal inspection, and customs clearance time and export quantity are limited.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
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