*Policy watch*
Export policy changes expected soon.
*Policy watch*
Export policy changes expected soon.
*Prices up*
Spot market sees a $6/mt increase.
<img src='https://images.unsplash.com/photo-1465101046530-73398c7f28ca' alt='Demo image' style='max-width:100%;height:auto;border-radius:8px;margin-top:10px;'>
*Policy watch*
Export policy changes expected soon.
*Prices up*
Spot market sees a $33/mt increase.
<img src='https://images.unsplash.com/photo-1506744038136-46273834b3fb' alt='Demo image' style='max-width:100%;height:auto;border-radius:8px;margin-top:10px;'>
*Demand surges*
Importers are seeking 16+ tons.
*Demand surges*
Importers are seeking 23+ tons.
*Policy watch*
Export policy changes expected soon.
*Inventory update*
Levels at 7% capacity.
*Freight steady*
No major changes in rates.
*Supply tight*
Limited spot availability reported.
<img src='https://images.unsplash.com/photo-1465101046530-73398c7f28ca' alt='Demo image' style='max-width:100%;height:auto;border-radius:8px;margin-top:10px;'>
Thinking further on this point and what you said about things being overblown (which disagrees with) it’s just nobody punishes it
As you are calling it RFQ ie quote system this is purely a price discovery system.
A firm offer is a legally binding and offers users more security in the knowledge that this is a level they can commit to
This article sums it up nicely
LONDON (ICIS)—In India, IPL today issued awards for 1.56 million tonnes of urea. Demand seems satisfied until January.
Morning. With IPL tender wrapped up, many await subsequent mkt developments. Paper quiet much of y'day, and participation reduced with US Thanksgiving, but Dec Brazil found value $394cfr ($2 under last done).
AG
Dec $387//$400
Jan $370//$380
Feb $365//$375
Cfr Brazil
Dec $390//$398- traded $394
Jan $375//$388
Feb $375//$380
Egypt
Dec $425//$455
Jan $390//$425
AMS Brazil
Dec $172//$185
Jan $167//$180
……
Mkts framed Weds COB:
Nola
Paper:
Dec $365//$375
Jan $357//$365
Feb $362//$373
Mar $367//$378
Apr $365//$385
May $370//$380
Q1 $365//$382
UAN Nola
Dec $290//$315
Jan $285//$320
Feb $280//$320
DAP Nola
Dec $650//$690
Jan $630//$640
Feb $630//$645
Q1 $625//$645
MAP Brazil
Dec $620//$640
Q1 620 Buyer