Argus Nitrogen Daily Issue 20-197  |  Thursday 15 October 2020

Argus Nitrogen Daily

Market prices and news

Issue 20-197  |  Thursday 15 October 2020

overview Prices

China, Brazil soften Urea Prices $/t

Chinese prices today lowered to levels matching putative Price ±

netbacks from India's latest tender, while Brazil prices Prilled

slipped on lower offers. China fob 262-263 -2.50
Granular
China Egypt fob 255-260 nc
„„ Export prices declined setting a narrow range of $262- Brazil cfr 270-273 -4.00
263/t fob as traders sought cargoes for India. Nola fob $/st 217-219 nc

Egypt Daily spot price comparison $/t

„„ Price ideas held at $255-260/t fob. RCF today counterbid
Brazil China Egypt Nola $/st
Egyptian suppliers at $256.25/t fob, $19/t below the lowest 300
initial offer.
275
Brazil
„„ Prices softened to $270-273/t cfr, on lower offers and no 250
new buying activity. hhhh
225
US
„„ Minimal market activity at Nola, prices stable. 200

175
15 Jun 15 Jul 14 Aug 15 Sep 15 Oct

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illuminating the markets

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Issue Ref: 38968