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Urea prices were mixed across regions in the second half of October 2023, rising in Europe and the Middle East on supply issues and dipping in North America. North American prices fell as domestic material was ample and Mississippi River low water constrained transport.
Middle East prices edged up as Indian buyers sought Saudi supply and Ma'aden had a plant outage.
Regional divergence and river-logistics constraints affect where urea is available and at what cost, so buyers should weigh freight and basis when sourcing.
chemanalyst.comPatrick KnightOct 2, 2023Not 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.
