Loading…
The US urea market has split, with eastern regions weak and western regions stable or firm. NOLA barge urea fell $25 to $315 per tonne FOB in the second week of May, and US demand has weakened.
Southeast Asian prices remain firmer on strong May order demand and plant shutdowns.
Falling US urea barge prices and weak import interest point to lower nitrogen input costs for North American buyers in the near term. Firmer Southeast Asian prices limit how far global urea can fall.
chemanalyst.comShiba TeramotoMay 11, 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.
