Urea Markets Firm as Indian Tender Absorbs Spot Supply
Published July 19, 2026
A larger-than-expected Indian purchase tightened prompt granular availability east of Suez, lifting Middle East FOB indications.
The latest Indian tender closed with bookings above expectations, drawing prompt tons from Gulf producers and thinning the spot position for second-half loading.
Supply picture
Producer availability east of Suez remains committed through the month, with export allocations largely placed. Traders report limited re-offer interest below last done.
What we watch
Follow-through demand from Brazil and the pace of Southeast Asian purchases will decide whether the firmness holds into next month’s loading program.
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