Ferts in Focus 20/1/21

*Urea markets surge to start 2021* Urea futures markets were led higher by significant trading activity in Nola urea to start the year. The bull run was based on strong domestic fundamentals – grain economics and strong prepay demand – as well as the return of participants to the market after a wind down throughout December and …

Ferrous trade weekly review 22/1/21

A total of 1,480,000 mt of iron ores was traded for the week ended Jan 22, up almost 28% as compared to previous week, amid the pre-Lunar New Year restocking activities. During the week, the market participants were concerned cyclone development in Australia, and the aftermath of fire incident in Vale’s Ponta do Madeira iron …