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European urea prices declined as few importers bought fresh supply. Heavy inventories and weak ordering pushed prices down, and ports are clearing stock.
Merchants expect further price cuts over the coming weeks.
Weak European demand and high stocks point to lower urea import costs, although Indian tenders may support prices later in the quarter.
chemanalyst.comNov 2, 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.
