Loading…
Urea values eased after India's latest RCF purchasing inquiry booked 874,000 tonnes, below its 1 million tonne target. Buyers in Europe, Brazil and the US Gulf stepped back, and US Gulf barge prices fell about $65 per ton from the prior week's highs.
Softer urea demand from India and offseason buyers reduces near-term nitrogen price pressure, though expected return of Indian tenders could support prices later.
profercy.comChris YearsleySep 23, 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.
