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Qatar Energy plans a new urea complex by 2030 that would roughly double its capacity to 12.4 million tonnes. The Indian NFL tender drew 1.17 million tonnes of firm offers at low prices, and international urea prices edged up after the tender.
Future Qatari capacity is a bearish long-term factor that could pressure marginal producers, while the Indian tender provides near-term support. Ammonia may firm on Middle East outages.
czapp.comStein Chingen HauganSep 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.
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.
