Loading…
Profercy reports India's urea sales rose 66% in Q2 2020 to 6.5m tonnes and 31% in the first half. Australian urea imports rose 40% in January-May, and Brazilian and European imports also grew.
Prices fell 11-12% year on year in several regions as natural gas costs declined.
Strong import demand combined with low gas-based production costs keeps urea supply ample but demand firm, leaving nitrogen prices supported at current levels.
profercy.comChris YearsleyJul 10, 2020Not 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.
