PODCAST: Urea slow even as Europe output dips, demand strong in India
LONDON (ICIS)–The outlook for the urea market is stable to firm even as prices are declining in some regions due to lack of demand in major import hubs such as the US and Brazil.
In Europe, urea production is down as natural gas costs are still high and warehouses are full with imports. India, the only market displaying buying interest, was unable to secure a million tonnes in a recent tender.
ICIS senior editor Sylvia Traganida talks with urea expert Deepika Thapliyal on what is going on in the market and what to expect in the next few months.
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