PWNI makes first decline of 2021; urea market activity stalls as participants await outcome of latest Indian purchasing tender

After weeks of consistent increases, the Profercy World Nitrogen Index has dropped 3.06 points to 181.47 this week, the first decline seen this year owing to softening urea values, particularly in the east. Activity in the global urea market has been muted for the most part, with participants awaiting the outcome of India‚Äôs urea purchasing…