Urea: July challenges producers; Indian cfr levels down $35pt since mid-May
Profercy Nitrogen Forecast 25 May 2016: “The June-Q3 trade balance is in surplus by 18%. While the more balanced situation for June should lead to some stability in the next few weeks, July appears heavily in surplus. Supply cutbacks and lower prices are needed to balance the market in Q3.” July has been a difficult…