Loading…
China's domestic urea market is loose as operating rates eased to 78.82% and daily output fell to about 161,500 tons. Analysts expect the surplus to ease as producers carry out maintenance and exports are digested, while India's pandemic-related disruption extends the export blockade to at least end-April.
A loose Chinese market with output still high weighs on export prices, but the expected maintenance and the blocked Indian flows could tighten supply later and lift urea prices.
echemi.comApr 20, 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.
