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Global urea prices are declining as supply rises heading into 2023, following the easing of the Russia-Ukraine crisis. FOB Middle East prices fell about 7%, U.S. urea dropped roughly 6% weekly, and Chinese prices fell about 2%.
Falling nitrogen prices lower input costs for feed grain production over the coming season, but weak agricultural demand and new capacity point to continued downward pressure.
chemanalyst.comBob DufflerDec 20, 2022Not 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.
