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Weekly price review shows urea prices in the Middle East and Europe rebounded slightly after India pre-released a new tender expected to draw over 1 million tons. Ammonium sulfate fell in Northwest Europe on pre-Christmas sales pressure, while Chinese ammonium sulfate rose to USD 120 to 125 per ton FOB.
Expected Indian tender demand supports near-term urea prices in Asia and Latin America, while European ammonium sulfate softness reflects year-end liquidity selling rather than weaker fundamentals.
kelewell.deAntonia ZDec 25, 2023Not 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.
