📈 Strong International Urea vs. Weak China AMSUL
India’s IPL urea tender confirmed 2.075M tons:
1.035M tons East Coast @ US$532 CFR
1.04M tons West Coast @ US$530 CFR
This equals China urea FOB ~US$530. Normally, China’s ammonium sulphate (AMSUL) tracks urea within 2–3 days.
Yet Granular AMSUL FOB is only US$175–180 — just 36% of urea’s value — a severe undervaluation.
📌 China AMSUL is at a cheap level → high risk of sharp price rebound and supply delays ahead.
#amsul #chinaamsul #ammoniumsulphateprice #urea #chinaurea
