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Urea supply remains uncertain as Egyptian production is again constrained by feedstock and gas shortages, with up to 22,000 t/day lost. China has shown little interest in engaging with the international market.
India has issued a two-week notice of a tender for shipments to 27 August.
Lost Egyptian output and pending Indian buying support urea prices, though slow business and committed July supply limit near-term upside.
profercy.comChris YearsleyJun 28, 2024After 205 past bullish geopolitics events, UREA moved a median +0.4% over 5 sessions (53% higher; middle half -2.1% to +3.0%), and -0.4% 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.
