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Global urea prices declined in early September on weaker demand, with tropical storms disrupting farm activity in India and the US. US urea prices kept falling despite higher ammonia costs, and the ILA port labour dispute was a potential supply risk.
Softer urea demand and a bearish trend in key importers point to lower nitrogen input costs in the near term, though the outlook depends on a recovery in buying.
chemanalyst.comNicholas SeifieldSep 26, 2024Not 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.
