The Indian tender has come as a shock for the urea market. MMTC was able to buy only 550,000 tonnes of urea, as China refused to sell. Shippers are also showing reluctance to send vessels to India because of the surging coronavirus outbreak.
ICIS editors Julia Meehan, Mark Milam and Deepika Thapliyal discuss the outlook for the global market and what to expect in India, China and the US.