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China is ending its seasonal urea export window and is set to restore its export tariff from about 2% to 110%. US retail urea prices were mixed, with the regional average up $3.31 to $497.56 per ton in the latest week.
The author expects prices to level off and possibly turn higher.
Restoring China's high export tariff removes a major source of supply from world urea markets, which is supportive for global urea prices into early 2021.
agweb.com18 nov 2020Tras 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.
