02 July 2010 12:01 [Source: ICIS news]
LONDON (ICIS news)--Black Sea urea prices have traded up $5/tonne (€4/tonne) this week on healthy demand and limited supply, traders said on Friday.
Sliding freight rates also played a part in the increasing free on board (FOB) prices.
Ukrainian supplier Dnipro Azot sold 15,000 tonnes to a trader at around $245/tonne FOB for mid-July shipment. Another Ukrainian producer sold 10,000-15,000 tonnes of urea to a different trader at $245/tonne FOB.
Less than 70,000 tonnes of urea were thought to be unsold for July shipment out of Yuzhny, which was supporting the price rise, sources said.
At present, there was healthy demand for Black Sea urea evident in markets including Latin America,
Yuzhny is a major port in
($1 = €0.80)
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