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Urea prices declined in most regions in the week of August 25 to September 1, 2023, on weak demand and seasonal factors. Iranian producers cancelled bids, while Indian buying was strong and Chinese output hit a record.
Weak demand and rising Chinese production point to lower urea prices into September, though expected Indian tenders and Q4 demand may limit the decline.
kelewell.deAntonia ZSep 4, 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.
