Black Sea urea falls $7/tonne to $245/tonne - trader

26 July 2010 15:56  [Source: ICIS news]

SAN ANTONIO (ICIS news)--Black Sea urea prices have fallen by $7/tonne (€5/tonne) from last week, according to a trader attending an industry conference on Monday.

Speaking on the sidelines of the annual Southwestern Fertilizer Conference in San Antonio, in the US state of Texas, an international trader said it had bought two cargoes of Ukrainian urea at $245/tonne FOB (free on board) Yuzhny for August shipment.

The trades have yet to be confirmed by the suppliers, the trader added.

Last week, Black Sea urea was traded at $252/tonne FOB.

Another trader confirmed that Black Sea urea prices were falling.

“You can buy below $250/tonne FOB today,” said the second the trader.

Although it remains to be seen why Black Sea prices are falling, one of the traders said that weaker sentiment for prilled urea west of Suez was a factor.

This was in contrast with granular urea, which continues to show strength, supported by a surging market in the US.

Yuzhny, Ukraine, is a major fertilizer port in the Black Sea.

($1 = €0.77)

For more on urea visit ICIS pricing fertilizers
To discuss issues facing the chemical industry go to ICIS connect


By: Carl Roache
+44 20 8652 3214



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index