06 August 2010 14:57 [Source: ICIS news]
An international trader reported paying $253/tonne FOB (free on board) Yuzhny for 25,000 tonnes of urea towards the end of the week.
Earlier in the week, a distributor and a trader reported business in the range $245-250/tonne FOB Yuzhny.
Various factors had contributed to the modest price rise, sources said.
Firstly, demand in regions such as Latin America and
In addition, feedstock costs look set to rise as the
If fully implemented, break even urea production costs for the most efficient producer were estimated to increase to $240-250/tonne FOB Yuzhny.
It was expected to take some time for the new gas price to be applied, but firmer urea price sentiment was already being felt as a result of the announcement, sources said.
($1 = €0.76)
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.
|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|
Asian Chemical Connections