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Urea prices edged higher in early February, with Middle East values near $380/t and Brazil paying above $385/t CFR. China remains largely out of the export market under restrictions that may last until April.
Limited availability in Asia and strong demand ahead of the Thailand and Australia buying season support prices.
Chinese export restrictions keep urea tight into the spring application season, supporting higher fertilizer costs for grain and feed crop production; a return of Chinese supply is the main downside risk.
czapp.comStein Chingen Haugan5 feb 2024Tras 176 eventos alcista de comercio pasados, Urea se movió una mediana de +0,1 % en 5 sesiones (51% al alza; mitad central entre -1,3 % y +2,4 %), y +1,6 % 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.
