Loading…
Chinese domestic urea prices were highly volatile in November, rising early on Egyptian gas-related production cuts and then easing as buyers resisted high prices. Export difficulties built port inventories while natural gas shortages and winter maintenance constrained output.
Export restrictions and tight enterprise supply support nitrogen prices, but off-season farm demand caps gains. Expected stabilization with slight downward pressure implies limited cost relief for feed producers.
fdd-global.comFeidoodooDec 1, 2023After 26 past neutral policy events, UREA moved a median -1.0% over 5 sessions (27% higher; middle half -4.1% to +0.6%), and -2.5% over 20.
After 13 past bullish policy events, NATGAS moved a median -1.7% over 5 sessions (46% higher; middle half -2.4% to +4.5%), and +5.3% over 20.
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.
