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Egyptian producers Mopco and Alexfert sold 6,000t cargoes of granular urea at $495-505/t fob for March loading, mainly for Europe. Prices rose after the US military began major combat operations in Iran.
Israeli gas fields were shut, which raises concern about Egyptian urea output.
Egypt normally exports about 4mn t/yr of urea, mostly to Europe, so gas disruptions there would tighten supply to Europe and support global urea prices. Higher nitrogen costs feed into feed-grain production costs.
argusmedia.comHarry Minihan25 mar 2024Tras 205 eventos alcista de geopolítica pasados, Urea se movió una mediana de +0,4 % en 5 sesiones (53% al alza; mitad central entre -2,1 % y +3,0 %), y -0,4 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
