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North American and South American urea prices strengthened in late January 2024 while Asian prices declined. Ammonia shortages from a pipeline disruption in the US raised feedstock costs, and Brazilian planting demand remained firm.
Tight ammonia supply and steady South American demand support urea prices in the Western Hemisphere, while weaker Asian demand and exports cap the global rally.
chemanalyst.comTimothy GreeneJan 29, 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.
