June 9, 2026 11:58 AM GMT Chemicals | North America Morgan Stanley & Co. LLC China Reinstates Urea Export Price Floors Trade sources are now reporting that China has reinstated urea export price floors for shipments to India at no less than $500 mt FOB for large granular and $510 mt FOB for auto-grade. Export floors for other destinations may be "appropriately reduced" but those these exact levels remain under discussion, though we expect definition in the near term and for now assume floors similar to Indi ...

June 9, 2026 04:07 AM GMT MENA Chemicals | Europe A Tactical Reopening Trade, A Structural Fertiliser Call Fertilisers remain our preferred GCC exposure over petchems, with structurally tighter urea markets supporting a more resilient outlook, despite short-term petchem margin support from disruption. We upgrade SABIC on the improving petchems backdrop and yield support, while downgrading Yansab as reopening-driven price normalisation could drive relative underperformance. Key Takeaways Fertilisers still pr ...