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Nitrogen prices kept rising across markets, with urea producers largely sold out for the month ahead. Egyptian and Middle East urea rose sharply, and Brazilian urea climbed about $40/t to $390-395/t CFR.
Phosphate prices also edged higher, while potash was flat.
Strong Brazilian buying and a delayed Indian tender tighten near-term urea supply, pointing to higher nitrogen costs for feed producers and some pressure on phosphate-based inputs.
farmingportal.co.za22 jul 2023Tras 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.
Tras 193 eventos alcista de comercio pasados, DAP se movió una mediana de +0,4 % en 5 sesiones (54% al alza; mitad central entre -0,3 % y +1,8 %), y +1,9 % en 20.
Todavía no hay suficientes eventos comparables pasados para una lectura histórica.
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.
Producers largely sold out for the month ahead and Brazil CFR rose about $40/t, indicating tightening supply and a turn in the price trend.
Reports that the fertilizer downturn is over, with phosphates edging higher and nitrogen rallying, signal a sentiment and price turn that lifts DAP.
Urea producers were largely sold out for the month ahead and Brazil CFR rose about $40/t, which shows tightening supply and a turn in the market.
Reports that the downturn was over with producers sold out and Egypt, Middle East and Brazil prices rising set up the momentum and tight prompt supply.
It reports the fertilizer downturn ending, with phosphates edging higher alongside surging nitrogen, building momentum ahead of the move.
