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Processed phosphate prices rose in India and Pakistan on limited supply, and the Tampa August ammonia contract rose USD 60 per tonne after gas curtailments in Trinidad. Urea was sideways, awaiting another Indian tender and Latin American demand.
Iranian urea sales struggled, and an Indonesian prilled tender reached USD 370 per tonne FOB.
Tight phosphate and ammonia supply supports those prices, while urea depends on a fresh Indian tender to avoid further erosion.
czapp.comStein Chingen HauganJul 28, 2024Not enough comparable past events yet for a historical read.
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.
