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Australia is importing urea from the Middle East, Indonesia and Japan to ease a trucking fuel-additive shortage. Urea prices have risen more than 200% this year, and South Korea has begun rationing diesel exhaust fluid.
Import sourcing adds some supply to a tight market, but prices stay high because global urea supply remains constrained.
reuters.comSonali PaulDec 13, 2021After 23 past neutral trade events, Urea moved a median 0.0% over 5 sessions (48% higher; middle half -1.1% to +1.0%), and +2.8% 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.
