Fertilizer producer Qatarenergy is understood to have sold 45,000t of granular urea in the high-$410s/t fob for loading in February, up by around $20/t on business last week.
The deal took place under a tender earlier on Wednesday. But there was no comment from the parties involved.
International urea prices are firming as the market digests an ongoing major buy tender in India, with trading firms anticipating further rises east of Suez, largely driven by demand from India and Australia. Southeast Asian granular urea also traded up to $410-415/t fob earlier on Wednesday.
