Loading…
Chinese liquid ammonia prices fell during the week of October 17 to 21 as supply rose in major production areas, including Shandong and Hebei. Urea also fell 1.92% in the same week as downstream industrial demand weakened.
Weak downstream demand and rising ammonia supply point to softer urea prices in China. The move is routine weekly price action with no new external cause.
sunsirs.comOct 24, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
