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UK ammonium nitrate producers returned to the market after withdrawing terms on 14 August, posting increases of £8/t over previous August, September and October prices. The September price has reached £225/t, and October is above it.
Indian urea demand, estimated at 1M tonnes per month through end-2020, is keeping global nitrogen prices firm, and Chinese supply in the latest tender rose.
Firm urea demand from India and higher UK ammonium nitrate prices raise fertilizer costs for grain and oilseed producers. Rising Chinese urea supply is a possible offsetting factor that could ease prices later.
uk.cofcointernational.comNick Major24 ago 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.
