Loading…
South Korean drivers are panic buying urea solution after China tightened supply through inspection requirements on fertiliser and related materials. Industrial urea prices in South Korea rose more than 80% year on year to $483 per tonne in September, according to the trade ministry.
China controls a large share of global urea exports, so its export inspections keep global nitrogen supply constrained and support higher prices.
reuters.comSangmi ChaNov 5, 2021After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% 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.
