Buyers of Urea
There are many Buyers of Urea. At present, there are five petrochemicals exporting urea. Pardis Petrochemical produces 1 million and 75 thousand tons of urea in each phase. Out of its total production in three stages, about 65% of Iran’s total urea export and 6.2% of its total is the world’s urea exporter. Buyers of Urea are all around the world.
Other Petrochemical Companies Involved in Urea Exports An implicit division has been made between urea exporters because the specifications of the products and the companies’ export area differ.
Khorasan Petrochemical exports its urea to the north of the country and Buyers of Urea in Afghanistan. Kermanshah Petrochemical exports to Iraq and Shiraz Petrochemical supplies a significant part domestically and has favorable exports. Razi Petrochemical consumes most of its urea in Turkey due to its Turkish shareholder. Pardis Petrochemical also sells its products in European and South American markets. We export, so there is no need to create an export consortium under a familiar brand.
The price of urea in world markets is different, and Afghanistan’s market is different from India’s market in terms of price. A single price to additional global markets does not help other petrochemicals. The only place where urea is sometimes offered is the traditional Indian market, where there is an agreement between the companies’ business executives. They agree in advance to determine their share of supply in India, and the supply is done with consensus.
The global market of Buyers of Urea
The global urea market is still in excellent condition due to the favorable weather conditions in the main hubs consuming nitrogen fertilizers and the high consumption of urea fertilizers by farmers in these areas.
Other levers that have strengthened the global urea market and stabilized prices at $ 270 to $ 290 include restrictions on China’s export tonnage due to high consumption and costs of urea in the domestic market temporary suspension of several large urea plants in the Middle East. It is used for periodic or emergency repairs and delayed purchases in Europe and North America.
In 2020, India set an unprecedented record of urea fertilizer consumption and imports at 35.5 million tonnes and 10.4 million tonnes, respectively.
