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Analysts say Gulf fertiliser producers trade below fair value even as product prices rebound. The World Bank fertiliser price index rose to 124 from a three-year low of 108 last May.
Lower Chinese urea exports have tightened global supply and lifted prices.
Tighter Chinese export supply supports global nitrogen prices and raises the cost of urea for feed and crop buyers. The rebound signals firmer fertilizer prices ahead of the planting season.
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.