# Urea market rallies in the west, while east continues to await Indian announcement

> Urea prices rallied in western markets as traders covered short positions after a paper-market surge ahead of an expected Indian tender. Hurricane Ida also shut CF Industries' Donaldsonville plant, pushing US Gulf values from about $430 to nearly $500 per ton fob Nola, a nine-year high. Eastern prices were still waiting for the Indian announcement.

- Date: 2021-09-03 · published 2021-09-03T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/5162-urea-market-rallies-in-the-west-while-east-continues-to-await-indian
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Expected Indian buying and a supply shortfall in the US Gulf are tightening nitrogen availability, pushing urea prices higher and raising feed-related nitrogen and input costs.

## Read by commodity

- UREA: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2021-09-03 | 1 | +7.2% | 7.2 | Western urea rallied on 2021-09-03 as traders covered shorts and Ida's plant shutdown pushed Nola from about $430 to nearly $500/t, matching the move's timing and size. |
| UREA | 2021-09-03 | 5 | +16.5% | 3.1 | Western urea rallied as shorts covered and Ida shut Donaldsonville, lifting fob Nola from about $430 to nearly $500/t. |
| UREA | 2021-09-02 | 5 | +16.5% | 3.8 | Short covering and the Donaldsonville shutdown pushed US Gulf urea to a nine-year high, but it is dated 2021-09-03, just after the window, so it likely confirms rather than drove the move. |
| UREA | 2021-09-02 | 1 | +7.2% | 7.2 | Short covering ahead of the Indian tender, combined with the Donaldsonville outage, lifted western urea prices, though the report is dated just after the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2024-02-05 | [Positive Price Momentum Continues in Urea Market \| CZ app](https://feedsoft.ai/events/31594-positive-price-momentum-continues-in-urea-market-cz-app.md) | +1.4% | +11.5% |
| UREA | 2021-11-12 | [Malaysian granular urea hits $1000pt fob as Chinese absence continues to be felt in the east](https://feedsoft.ai/events/44340-malaysian-granular-urea-hits-1000pt-fob-as-chinese-absence-continues-to-be-felt.md) | -1.3% | -1.8% |
| UREA | 2023-02-24 | [Long-awaited correction to Potash, while the Indian tender pauses the Urea price crash.](https://feedsoft.ai/events/5684-long-awaited-correction-to-potash-while-the-indian-tender-pauses-the-urea-price.md) | -1.3% | -3.2% |
| UREA | 2024-01-10 | [Egypt commits over 100,000t of urea in less than two days as market rallies](https://feedsoft.ai/events/32436-egypt-commits-over-100-000t-of-urea-in-less-than-two-days-as-market-rallies.md) | +1.6% | +12.1% |
| UREA | 2021-06-18 | [Indonesian prices shoot up while the urea market weighs up prospect of Chinese export tax](https://feedsoft.ai/events/46502-indonesian-prices-shoot-up-while-the-urea-market-weighs-up-prospect-of-chinese.md) | -0.3% | -0.6% |

## Sources

- profercy.com: https://www.profercy.com/insights/urea-market-rallies-in-the-west-while-east-continues-to-await-indian-announcement

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.