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Fertilizer prices are falling in most nutrient markets as farmers start thinking about tax-related purchases, with some products at 10-year lows. Ammonia held steady as a rare exception, with Gulf prices reaching $236 after a $5 November settlement increase.
Urea at the Gulf slipped to its lowest level since May 2018 as demand stayed soft.
Soft demand and falling competing nitrogen prices point to continued downward pressure on urea and other fertilizer costs for 2020 crop inputs. Ammonia's firmness depends on whether supply-chain problems recur.
vinachem.com.vnNov 28, 2019Not 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.
