On July 26, China's urea market rose by 10-150 yuan/ton.
On July 25, India IPL issued a new round of urea bidding, the bid was closed on August 9, the offer is valid until August 18, the shipping date until September 26, and the expected purchase volume is about 1-1.5 million tons. India's bidding and futures board rose greatly boosted the confidence of the industry, the morning spot market trading is hot, most factories in the main producing areas stopped, limited, and raised the price several times.
It is understood that at present, China's urea market domestic demand has weakened, the market has fully entered the off-season state, but the international urea market price has risen sharply, and the export is expected to support, and the 09 contract is expected to run strongly.
Stimulated by the futures plate, the spot market transaction improved, and the price trend was stable and upward. Especially after the release of the "Indian tender", it is a big positive boost signal for China's urea market.
On July 26, China's urea market was greatly boosted by the Indian bidding and futures plate rise greatly boosted the confidence of the industry, the market transaction price rose sharply, and most factories in the main producing areas raised their prices several times.
