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UAE fertilizer producer Fertiglobe expects strong urea import demand ahead of the spring season and firm ammonia prices amid supply shortages. Platts assessed granular urea at $507/mt FOB Egypt on Nov.
7, unchanged day over day. Urea prices in Egypt and Northwest Europe rose 16% and 24% from Q2 to Q3.
Expected spring demand and limited new urea supply support prices in the near term. Firm ammonia costs also feed into urea production economics.
Not 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.