15 August 2008 14:16 [Source: ICIS news]
LONDON (ICIS news)--Black Sea prilled urea prices have weakened $20-25/tonne (€13-17/tonne) on the back of limited buying activity, traders said on Friday.
As a result, the key benchmark ?xml:namespace>
Traders Agrofertrans (AFT) sold 6,000 tonnes of prilled urea to Turkish buyers Gubretas for second-half August shipment.
The price was reported in the $840s/tonne CFR (cost and freight) including 180 days’ credit, which netted back to $785/tonne FOB (free on board) Yuzhny.
As a result of limited activity and this AFT sale, Black Sea prices were pegged at $785-800/tonne FOB Yuzhny by global chemical market intelligence service ICIS pricing.
A week previously,
Despite softening, Yuzhny prices had not dropped substantially as traders bidding for larger quantities have been unable to obtain offers below $800-805/tonne FOB.
The main Ukrainian producers were holding out for prices above this level.
“When they [
($1 = €0.67)
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