24 May 2011 20:08 [Source: ICIS news]
A cargo of Arabian Gulf granular urea has been bought by a trading company at $427-428/tonne (€303-304/tonne) FOB (free on board), sources said on the sidelines of the International Fertilizer Industry Association (IFA) Annual Conference in Montreal, Canada.
The cargo will ship during June to
Arabian Gulf urea is almost sold out for June shipment and this, alongside strong demand in markets such as
In addition, there is uncertainty regarding Chinese supply because of the government's export tax regime. This is also pressuring international urea prices.
The IFA conference runs from Sunday through Wednesday.
($1 = €0.71)
For more on urea visit ICIS fertilizers
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|