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China's state planner has pledged to guarantee energy supply to fertiliser makers. Urea futures in China hit records this year as high coal and gas prices and energy-project curbs tightened local supply.
A guaranteed energy supply should allow Chinese urea output to recover, adding supply to a tight global market and easing upward price pressure.
reuters.comDec 2, 2021After 34 past bearish policy events, Urea moved a median -0.8% over 5 sessions (38% higher; middle half -3.3% to +1.8%), and -4.5% over 20.
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.
