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Urea prices firmed on rumors of an imminent Indian tender closing December 19 for shipment by January 2025. North African and Middle Eastern offers rose, and European producers were reported shutting plants amid high gas costs.
China's processed phosphate export restrictions kept phosphate steady.
Tender-driven buying expectations and European gas-related output cuts tighten nitrogen supply, supporting urea prices that feed into livestock and grain production costs.
czapp.comStein Chingen HauganDec 9, 2024After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% over 20.
After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), and +1.9% 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.
