Global urea markets have firmed in the past week
Global urea markets 'have firmed in the past week'
Global urea markets have firmed in the past week, with good uptake of product into South America. Mexico & Peru have bought in the last week, Brazil are on the sidelines looking to buy. India require a further tender for around 1mln t. The market is moving on from reduced tax Chinese product, adding further stability.In the UK the market is still holding back, with product trading below replacement currently, this is an opportunity to buy. With around 60 delivery days until late February requirement, now would be a good time to consider requirements.
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