Urea: India raises the stakes for markets requiring April arrivals
RCF's 1.3m. tonne urea purchase has tightened global spot availability, diverted Nigerian and Egyptian tonnes away from western markets, and pushed Middle East and SE Asian values to multi-year highs.
For the US Gulf, nearby NOLA values ran to $480ps ton this week. April arrivals are increasingly under the spotlight as offshore suppliers backed India over the USA.
Nitrogen