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Russian urea producers plan to invest $5 billion in new urea production projects, including unit expansions and additions. The announcement comes as global urea prices continue to decline amid low seasonal demand and high Chinese exports.
Planned Russian capacity additions point to more future urea supply, which could cap any price recovery in the nitrogen market. Ongoing Chinese export volumes keep downward pressure on prices near term.
industrialinfo.comNov 23, 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.
