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Urea prices reached $442/ton in June, up from $380 in May, and have pushed diesel exhaust fluid (DEF) prices up nearly 45% since the start of 2021. Five major urea producers are undergoing scheduled shutdowns of 4 to 8 weeks, adding to tight global supply and higher logistics costs.
Scheduled urea plant shutdowns during strong agricultural demand keep global nitrogen supply constrained, supporting higher urea prices and related DEF costs.
sclubricants.comAmanda LawsonJul 29, 2021Not 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.
