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AdBlue prices have surged in parts of Australia, reportedly quadrupling, amid a shortage of refined urea. The consumer regulator ACCC is investigating possible price gouging.
The government recently agreed a deal with Incitec Pivot to increase domestic urea production.
Urea shortages from multiple producer shutdowns and export diversions are tightening supply for non-fertilizer uses. Continued tightness supports higher urea costs that feed into fertilizer and transport input prices.
abc.net.auSamuel YangJan 5, 2022After 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.
