8. Jauary. 2010
Weekly Update
Urea prices are a little firmer heading into the New Year. Both middle east & black sea having recovered from the pre-Christmas slump. Traders aiming to push prices down have been disappointed and prices bottomed out at 315 USD/MT FOB for middle east urea & at 275 USD/MT FOB for black sea urea.
Short covering by traders accounts for the run up in price. Now that this is complete it remains to be seen whether demand is strong enough worldwide to lift prices any higher.
Urea Graph
** All the prices are FOB.
The Urea is "prill".
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