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Urea markets remain weak after India bought 1.2M tonnes in a recent MMTC tender, with short-term supply not seen as a constraint. Chinese return to the export market and a stronger US dollar have kept global urea prices soft, and UK buyers are delaying purchases due to weather.
Soft global prices and a firmer dollar weigh on urea costs for feed and fertilizer buyers. Delayed European and UK buying could build demand later, but current pressure remains bearish.
uk.cofcointernational.comNick MajorNov 4, 2019Not enough comparable past events yet for a historical read.
Not 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.
