The QatarEnergy granular urea tender closed today with strong participation from global buyers, as the top bid reached the mid-$410s/t fob for a 45,000t cargo. The tender offered 25,000–45,000t of granular urea for December loading, and market sources expect that a sale will likely be concluded at this level. However, neither QatarEnergy nor participating bidders have issued official confirmation.
This result reflects rising sentiment in the urea market, particularly for granular product, which continues to command a premium over prilled urea in key import regions. The latest bid is roughly $10/t higher than QatarEnergy’s prilled urea sale under its 6 November tender, signaling improving demand ahead of the winter procurement season.
For more urea market insights, see our Global Urea Prices page.
Analysts note that Middle Eastern producers have seen stronger buying interest from Asia, Latin America, and Europe in recent weeks, tightening December availability. The QatarEnergy granular urea tender outcome may set a pricing benchmark for upcoming tenders from other regional producers.
QatarEnergy’s December-loading volumes often play a key role in shaping market expectations as the year closes. If finalized at the mid-$410s/t level, this tender may support firmer pricing trends into early 2025, especially as some suppliers face production tightness and rising freight costs.
The fertilizer industry is closely watching QatarEnergy’s next moves, as additional tenders or spot sales may influence short-term price direction. You can explore more updates on the Middle East nitrogen market on our Fertilizer News section.
More clarity will emerge once the supplier officially awards the tender, but early indicators suggest the highest bid submitted today is strong enough to secure a deal.
Sources : Argus