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Nagarjuna Fertilizers is running its 1.4 million tonne Kakinada urea plant in southern India at 50% capacity due to high imported gas prices. One unit has been shut for two to three months, and the second will restart only if LNG falls to $12-14/MMBtu.
Reduced Indian urea output from high gas costs tightens nitrogen supply, which supports global urea prices.
reuters.comDec 7, 2022Not 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.
