Loading…
The Profercy Nitrogen Index posted its biggest weekly gain since early September, with urea values firming. Middle East spot urea rose above $350/t fob as several large cargoes sold, and Egypt and Middle East spreads narrowed.
Reduced Southeast Asian supply, Malaysian plant outages and China's continued absence are tightening urea availability ahead of spring application, pointing to higher urea and fertilizer costs for buyers.
profercy.comChris YearsleyJan 19, 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.
