Urea prices bolstered by supply cutbacks, Chinese export restraint and short covering for Europe
Pre-Indian tender negativity has given way to newfound producer optimism in the urea market. Business was finalised earlier this week in Rashtriya Chemicals and Fertilizers’ (RCF) import tender, with the Middle East and Russia covering almost all business. The tender saw just 560,000t lined up against a target of 800,000t for shipment by 17 July.…