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India has reopened urea buying with a new RCF tender for mid-November shipment, and prices in the US and North Africa rose $5-10 in response. CF Industries unexpectedly withdrew nitrogen and NS prices on October 1, and Chinese and Egyptian producers are expected to feature in future sales.
Renewed Indian tender demand and firmer Northern European and Brazilian buying interest support urea and ammonium nitrate prices, raising nitrogen costs for feed-grain producers.
uk.cofcointernational.comNick MajorOct 5, 2020After 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.
